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Updated about 3 years ago on . Most recent reply

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Newbie to real estate (and Phoenix)

Posted

First time posting, following BP for a while now. I moved to Phoenix from Toronto last month and took over a six month lease that ends at the end of July and hoping to purchase a place by then. I am looking for a real estate agent that can help familiarize me with the cities in the Phoenix area as well as the different neighborhoods within. Right now I am looking for a townhome or condo that I can hopefully househack. 

How difficult would it be to resell the condo when I am ready to move on? It seems like they tend to sit on the market for a while compared to townhomes and SF. Would you pick one over the other even if both have HOA fees?

My lending options are also limited as I am just starting to build a US credit history and right now only have two banks willing to lend to me (both Canadian banks with operations in AZ that use my Canadian credit history). If anyone is aware of any US lenders that are able to approve based on a Canadian credit history please let me know. 

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Andrew McGuire
  • Investor
  • Chandler, AZ
151
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203
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Andrew McGuire
  • Investor
  • Chandler, AZ
Replied

@Gayan Premachandra

Welcome to Phoenix. You should follow Glen Sutherland's podcast "A Canadian Investing In the US". Now I know you are here now but he has a ton of great advice for lending, taxes etc. for Canadians buying RE in the US. I recorded with him a few weeks ago as I beginning to work with a lot of Canadian investors here in AZ. Good luck! 

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