Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago,
Financing rental property as a Canadian in Florida
Hi, I am trying to purchase of a rental property near Orlando, Florida. It is a single family home in good condition ready to be rented. The purchase price is US $75K and I have down payment for it. I reached out to the US division of RBC for mortgage but they said they will not be able to give me mortgage in US because, I have an existing mortgage here in Canada. I am looking for ways of financing this deal. They deal will have a decent cash flow with up to 7% interest on the mortgage/loan amount. Does any one have a recommendation on how I can finance this purchase?
Thank you