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Updated about 8 years ago on . Most recent reply

User Stats

7
Posts
2
Votes
Lloyd Lau
  • Rental Property Investor
  • Montreal, QC
2
Votes |
7
Posts

Foreign investor in Canada, looking for creative financing idea

Lloyd Lau
  • Rental Property Investor
  • Montreal, QC
Posted

Hey guys

So this is will be my first post here. My situation is a little bit special, as currently i own two rental properties (fourplex) in Canada,and had 35% down payment on both, but because of my status here as an non permanent resident, the bank would not grant me another loan, even if i have the down-payment and the cash-flow from previous two properties to show for it. 

It would be at least 16 more months till i got my PR, but there are a few very good deals that i am very interested in buying. Just wondering if there are any ways i can finance my purchase, with 35%, or even 50% down payment? 

Thanks!

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