Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago,

User Stats

7
Posts
0
Votes
Mun Sihota
0
Votes |
7
Posts

Canadian Investor wanting to buy first US property

Mun Sihota
Posted

Greetings,

I come from the north, British Columbia specifically. I was hoping to get opinions on what I should Invest $45k (US currency) on in terms of a SF home or MF? I'm hoping to pick up a 2-4 unit building. I currently have a duplex in British Columbia, the property was purchased for 900k (not cash flowing, this is typical in the area, I'm sure most people here are familiar with Vancouver it is a massive appreciation market). I had read about and watched Brandon Turner talk about the BRRRR strategy. I had a few questions I was hoping to get answered.

1) Would this particular strategy be do-able for a Canadian Investor? 

2) How much down payment does a foreigner like myself require? Can I do 20%? Or is it 30%?

3) I have read on these forums banks want to loan more than 100k and not anything less, is it easy to get financed as long as I am borrowing more than 100k?

Thanks all for your help, appreciate it.

Loading replies...