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Updated over 11 years ago on . Most recent reply

User Stats

72
Posts
8
Votes
Dominika M
  • Homeowner
  • Brampton, On
8
Votes |
72
Posts

Canadians - use relative in US to get conventional financing?

Dominika M
  • Homeowner
  • Brampton, On
Posted

Hi Canadian investors in US and US partners,
It is difficult for Canadian investors in US to get conventional financing or to refinance to get cash back out. Is there a way to partner with someone in the US (so they could get financing) and to do this legally? I imagine that if i partnered with a trusted relative and just kept my name off any documents, then I'd be doing some tax evasion. And also potentially exposing myself (if relative shouldn't have been so trusted).
Thanks for help,
Dominika

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