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Updated about 4 years ago,

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5
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Tjay Sharma
1
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5
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Is it possible to buy a property with a foreign family member?

Tjay Sharma
Posted

I'm in my mid 20s and I'm planning to buy my first place to live. My income currently is 40k annually, have high credit score. However, with my income I will not be able to quality for mortgage for even a studio apartment in mainland Vancouver. Is it possible to get a mortgage approved if i buy the property with my father who lives outside Canada? If not, what are the other creative options we have in Canada for real estate investing? Ideally I'd like to buy house and rent out other units that would provide me some assistance with mortgage payments. Any feedback would be helpful. 

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