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Updated 11 months ago,
Canadian investing in Ohio
Dear BP members,
I'm in the process of purchasing my first property in Ohio within the next 1-3 months and am seeking information on financing options for a Canadian investing in Ohio. Specifically, I'm interested in exploring Fix & Flip as well as BRRRR strategies. Currently, I'm in the process of setting up my entity (C-Corp/GP/LP/LLC), and I have a few questions:
1) What is the required down payment, and which documents are necessary for the financing process?
2) What interest rates should I expect for Fix & Flip, renovation, and BRRRR properties?
3) In the event I am unable to sell the property after the Fix phase, what mortgage options are available?
Your insights and guidance on these matters would be greatly appreciated.
I'm in the process of purchasing my first property in Ohio within the next 1-3 months and am seeking information on financing options for a Canadian investing in Ohio. Specifically, I'm interested in exploring Fix & Flip as well as BRRRR strategies. Currently, I'm in the process of setting up my entity (C-Corp/GP/LP/LLC), and I have a few questions:
1) What is the required down payment, and which documents are necessary for the financing process?
2) What interest rates should I expect for Fix & Flip, renovation, and BRRRR properties?
3) In the event I am unable to sell the property after the Fix phase, what mortgage options are available?
Your insights and guidance on these matters would be greatly appreciated.