All Forum Posts by: Johnson Yu

Hey @Arti Sood,

Fellow Canadian here as well, recently just closed on a duplex, be happy to share more! DM me!

Hey @Francesco Per!

Also a fellow Canadian here, recently closed on a duplex, be happy to connect and share my experiences! DM ME!

Hey @Alireza Shayan,

Also a fellow Canadian living in Vancouver, BC here. I recently just went through this exact thing so be happy to chat more in details! 

But essentially, you'll want to have your entities, ITIN, EIN and your bank accounts set up in the US before you start putting offers on properties and asking HML to fund your deals. Some of these things take quite a bit of time so you'll have to jump on these! Let me know if you want me to connect you with someone in the US who have helped Canadians set this up!

Have you talked to TD or BMO? If you have an account with them, they might be able to look at your Canadian side and use that to qualify you. I know a mortgage broker that is based in Florida that works with Canadians. Be happy to pass along the information if you'd like, just shoot me a message!

Appreciate all the feedback/ insights, will adjust my numbers accordingly.

Hey guys had a question about using hard money lender to acquire a property to brrrr, has anyone done it before and how did it turn out? I know most people use “cash” to acquire the property and fund the rehab initially but we want to see if it would be possible to leverage so we can do multiple ones at once. Any insights would be appreciated.

@Remington Lyman thanks for the info, im actually half way through the book! Open to suggestions for property managers & contractors/handyman in ohio if you recommend anyone.

so I've been hearing people saying that if you buy a commercial property 30% off market value then you might be able to get 100% financing since the lender will lend 70% of the value of the property and value is based on the NOI in the commercial space.

Is this right and has anyone had experience doing this? Or am I dreaming?

Be happy to connect you with one of the attorneys/CPA that i've spoke to, most of them will be happy to sit down and do a free consultation and explain how to properly set up structure and also the tax obligations.

@Caroline Widjaja 

just recently spoke to a couple national lenders that lend to foreign nationals. Here is the list, let me know if you want me to connect you. Keep in mind that most of them will require you to have some "skin in the game" and roughly require 20-30% down.

conventus llc

lima one capital

corevest

cosmic funding by onyx capital partners llc