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Updated over 8 years ago on . Most recent reply
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how to get funding in Atlanta for a Canadian on a rental
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.