Investing in American Real Estate as a Canadian

[Jashan Mundi]

Hello everyone,

I've been searching around for investment oppurtunities for this summer.

Does any fellow Canadian invest in the USA rental market?

I'd love to know the pros/cons/procedures of investing in the USA markets as a lot of their markets are MUCH more affordable compared to Ontario. I'm also wondering the best way to get financing and mortgages from the bank for properties between the 50K - 150K price range. I see a lot of potential markets in Detroit, Buffalo, Niagara Falls, etc.

[Jashan Mundi]

@Roy Cleeves Thank you for the insight! Do you normally visit the property before making the final decision to purchase or would a great home inspector's opinion provide you with all the details and potential damages/repairs?

Also, did you ever have any trouble with financing from the banks/lenders?