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Updated over 8 years ago on . Most recent reply

User Stats

66
Posts
20
Votes
Lynne Jacob
  • Wholesaler
  • Montreal, QC
20
Votes |
66
Posts

how to get funding in Atlanta for a Canadian on a rental

Lynne Jacob
  • Wholesaler
  • Montreal, QC
Posted

Hey, folks.  Question about getting a mortgage.  This would be my first property acquired outside of Canada.

It's already rented. I'd like to leave it that way.  Turn-key.  I'd only rehab it once/if the tenants left as it's already profitable.

I've done some research on getting funding but I'm hearing from private lenders (not hard-money lenders) that "Private Lending" is meant to facilitate getting title to the property; then one refinances.  Sounds like a lot of time, work, hassle and expense.

Do you know of non-conventional lenders who lend to Canadians for longer terms, like 5+ years?

If not, do you know how successful one in my shoes might be in getting the property refinanced?

I'm driving through Atlanta next week (late Tues & Wednesday) and will be looking around and checking out the property, so all suggestions will be warmly received. 

Thanks.

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