Relocating from Canada to US

[Ivana Gojkovic]

I am relocating for work from Canada to Dallas, Texas and looking for a mortgage broker/officer who can help me understand rules and regulations regarding real estate investing as a Canadian living in the US. Please let me know if you know someone who I could get in touch with. 

Thanks,
Ivana

[James H.]

Ivana,

I am not a mortgage broker/officer.  However, I can tell you that the rules and regulations regarding real estate investing for you are going to be the same as for a US citizen.  When you come here, you will get a social security number.  This number is used for tax purposes and for tracking your credit.  Once you build a sufficient credit history, you can apply for mortgages for your residence or investment properties.  Generally, I believe you need about 2 years of employment and good credit history.  Establishing credit can be a challenge.  But, Google around and read articles about the best ways to establish a great credit history quickly.  It's really not that hard once you understand what to do.  My 20 year old has been able to obtain almost $100K in revolving credit in just two years. :-)

Welcome to Dallas!

James