All Forum Posts by: Paul Britton

Paul Britton has started 3 posts and replied 44 times.

Good on you for looking at investing in the USA. I have been in Ohio for almost two years and I am glad I made the switch. I can recommend @Michal Liviatan Carpenter and her team my first deal was with them. I also recommend using a investor agent as well. Best of Luck.

1 Vote

Toronto, Ontario

1 Vote

Quote from @Gurjot Grewal:

I maybe going into contract soon on a duplex. The lender I was planning on using now is requiring 35% down payment since I am Canadian investing in USA. I have another lender who can do 20% but I need to personally qualify (which I dont think will be an issue). I dont want the future deal to fall thru because of financing.

Is it possible to start an application with both once under contract incase 1 backs out?

Is this frowned upon?

This isn't a bad practice at all. Rates, Terms and Fees vary greatly so it is a smart move to know your options.

Paul

0 Votes

Quote from @Sanjai Dayal:

I am moving from Canada to Wilmington, NC in January 2023.

I have available Line of Credit up to 500K (Canadian dollars) to purchase a home, but the Canadian dollar is very weak now.

I can also acquire a US mortgage (US dollars) with a similar interest rate.

How much negotiating power is there with cash offers at this time? If I can get a good deal with cash, I may opt to use my Canadian Line of Credit despite the weak Canadian dollar.

0 Votes

Southeast NC, North Carolina

Hello Joseph

If you look up Lendai they fund deals in the US for Canadian in the US. @Michal Liviatan Carpenter is active on BP and works for Lendai.

Paul

1 Vote

Toronto, Ontario

Quote from @Ivonne Pinedo:

Quote from @Paul Britton:

Hello BP Community

Two close friends of mine need help in the Orlando area. They are immigrating to Orlando area from Canada and are looking to rent a property for a minimum of a year. They are business owners who are opening a martial arts studio. Does anyone know of a good agent in the area that can help them find a rental? They want to buy a property after their first year in the USA. They are looking to lease the property for December 1st. Thank-You so Much!

You can check on the agent finder or the referral I messaged you. Happy to assist.

Hello Ivonne I passed along your info to my friends. Thanks so much.

Paul

0 Votes

Orlando, Florida

Quote from @Aaron Breckenridge:

@Paul Britton have you checked out the BP agent finder?

I didn't think of this I will have a look thanks.

0 Votes

Orlando, Florida

Hello BP Community

0 Votes

Orlando, Florida

Investing out of state or country without a property manager is a huge mistake. Having a boots on the ground presence is imperative to success when it comes to distance investing.

1 Vote

Quote from @Malcolm James:

@Paul Britton

Thank you so much for the information!

I will definitely be reading David’s book and looking into tax specialists!

Was there any specific lender or bank you went with that you would recommend?

I’m with RBC right now since I can cross over my Canadian credit to using American lending.

You're welcome Malcolm. Get a US Bank Account set up also. I am with RBC and you can set one up with them. It is a seamless process.

@Michal Liviatan Carpenter is with Lendai if you connect with her she can get you the specifics you need to get started.

Feel free to DM me also if you have further questions.

Paul

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All Forum Posts by: Paul Britton

Paul Britton has started 3 posts and replied 44 times.

Post: Investing in US markets

Post: Barberton, Ohio Two Units

Post: Is it bad practice to apply to 2 different lenders?

Post: Canadian buying with Cash from LOC versus Mortgage?

Post: DSCR Loans or alternatives cross boarder loans for Canadians

Post: Orlando Area Agent Needed

Post: Orlando Area Agent Needed

Post: Orlando Area Agent Needed

Post: How would I invest in foreign real estate?

Post: How would I invest in foreign real estate?