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Updated about 4 years ago on . Most recent reply
Canadian Investing in the US
Hi all,
I live in Canada and have started looking at perhaps buying some real estate in the US for cashflow. I live in Vancouver and the cap rates are ... awful. I have saved around 80k USD so at 20% down I would be looking for something around 400k. I was thinking the Phoenix area would be good since I wouldn't mind living there in the winter. Do you think it's possible to buy something there maybe a duplex where I could rent out one and live in the other part time? I just turned 25 so I don't really know what I'm doing. thanks!
Most Popular Reply
Duplexes and other similar Multi-Family dwellings are usually not in the best areas in Phoenix. There are a few but are expensive.
You may want to consider buying a $400k single family detached home and doing short term rental (Airbnb / VRBO) and having a local STR management company take care of it for you.
BBVA bank does a fairly decent job with foreign national mortgages.