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Updated over 2 years ago,
Buying in Canada or U.S.
Hey everyone,
I am currently looking to buy my first real estate investment property. However, I live in one of the most expensive cities, Mississauga Ontario (just outside Toronto). I see that Condo/apartment buildings in the states can sell for the same or a lower price than a single home in Toronto would.
So this leads me to my question, should I even look for deals here, or should I buy my first property in the states? I want to purchase the house with little to no money down and it seems extremely hard to do when my downpayment would be $225,000+ (on top of this being my first transaction with little trust from lenders).
I seem to be ready in every aspect to make the leap into my first property, asides from this aspect of having to find a lender loan $225K. In the states, I could find a home for $225k.
Any help or comments would be extremely appreciated!
Thanks, @Miloxwilliams