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Updated almost 8 years ago, 02/01/2017

User Stats

58
Posts
13
Votes
Bishoy Girgis
  • Investor
  • Burlington, Ontario
13
Votes |
58
Posts

Refinancing for Canadian in Florida

Bishoy Girgis
  • Investor
  • Burlington, Ontario
Posted

Hey BP, 

so heres my situation, im an investor from canada and invest in florida....I only do flips and i buy the properties all cash. Ive recently read a few of the books from bp and other sources regarding the BRRRR method and was wondering how/IF this would be possible for me.

So if i own a property in florida and its worth lets say 200K at the moment and ive bought it all cash, would the bank allow me to refinance it or would i have to be american? and if they do how much would it be normal of them to give me like 70% 50% of the appraised value etc any and all information would be helpful ESPECIALLY regarding the fact im not an american?? 

Thanks in advance 

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