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All Forum Posts by: Johnathan Mathews

Johnathan Mathews has started 2 posts and replied 6 times.

Post: newbie need help

Johnathan MathewsPosted
  • Ottawa, Ontario
  • Posts 6
  • Votes 0

Hello All

My name is Johnathan and I am from Ottawa, ON Canada. My initial idea was to buy investment property(s) in states but since the loonie is so low, I am very hesitant to invest in states at the moment. 

So than came the idea why don't I start where I live. Long story short, there are few multi homes and some semi detach for decent price. My main question is how does everybody get mortgage loans. I don't have initial down payment well I have some but not 20% and I don't know how would I get approved for 500k property. I am pretty sure I can get approve for 300k property but even for this amount 300k need 60k down payment which I don't have. How does people start with down payment. I have seen so many post here with most members didn't start with down payment but they already have so many doors under there belt. 

My financial record is very clean. 

I need direction to where do I start from. Where to go and how to make this work. I have read and watched almost all of the videos here in BP.

Need help!!!!!

Johnathan.

Congratz Inspiring

Post: Hello From Ottawa Canada

Johnathan MathewsPosted
  • Ottawa, Ontario
  • Posts 6
  • Votes 0
Originally posted by @Samuel Sedore:

@Johnathan Mathews

I have a contact based here in Ontario.

I can put you in touch with her if you would like, she sets up cross border deals for Canadian looking to invest in the U.S and would have all the necessary information regarding taxes, returns and so forth.

 Hello Samuel

I would love to talk to her. Pm me her details.

Thanks

Post: Hello From Ottawa Canada

Johnathan MathewsPosted
  • Ottawa, Ontario
  • Posts 6
  • Votes 0

Eventually I would like to move there. But if there are other opportunity in different states I would definitely look into it.

Post: Hello From Ottawa Canada

Johnathan MathewsPosted
  • Ottawa, Ontario
  • Posts 6
  • Votes 0

Thanks for reply guys. 

Post: Hello From Ottawa Canada

Johnathan MathewsPosted
  • Ottawa, Ontario
  • Posts 6
  • Votes 0

Hello 

My name is Johnathan and I am from Ottawa. I am really interested in learning investing in US especially Houston and Orlando area.  My plan is to build up a portfolio of 8-10 rental income properties. 

I am reading post to get as much information I can. Any information or direction that you can provide would be really appreciated.

Thanks

JOhnathan.