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Obtaining mortgage loan for out of country rental property
Hello,
I currently reside in Canada and have encountered considerable difficulty in finding good and affordable real estate deals. Consequently, I am exploring the possibility of investing in a rental property abroad, possibly somewhere in Asia. I have been searching information regarding obtaining a mortgage loan for such an international purchase, but my efforts have yielded limited results.
I appreciate your assistance in shedding light on this matter.
Thank you.
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Hello fellow Canuck,
Only local banks will lend and, in most countries, they won't lend to foreigners but there are exceptions and there are alternative financing sources in certain cases. I have replied to many posts on that topic here in the BiggerPockets forums and you might be able to retrieve them through my profile. I know it's not easy though so feel free to DM me directly if needed.