Real State Investing as an international student in Canada.

[Nazmus Sakib]

Hi, I'm an international student,20 years old, and moving to Canada in September in Toronto. So, if I want to buy a multi-family unit(9 to 10)for myself as well as for investment purposes(student rental), will the bank give me a 95% loan (CMHC)? Or do I have to pay a 20% down payment? How much interest rate private lenders will take if the bank doesn't agree to give?

Another thing is what's the easiest way to get connected with the real estate industry? Can I start with real estate photography, wholesale as a starter to grow connections and create savings for a down payment?

[Chris Baxter]

@Nazmus Sakib Welcome to BP (and soon to Canada). As a young non-resident with no credit history in Canada, you'll be hard pressed to find a conventional mortgage. If you are looking at mid-size MF (10 units) in the Toronto area, you'll need deep pockets... this doesn't mesh with your need to "save for a downpayment" unfortunately.