Hello everyone,
My name is Izy and i was wondering perhaps you guys could point me into the right direction. I was originally from Boston Mass but moved to Toronto Canada. I wanted to purchase some buy and hold investment properties utilizing the BRRRR method in the states. One of the few issues i'm trying to figure out is, can I use a hard money to finance the whole process (purchase and rehab) and what are things that hard money lenders require before lending you money (credit scores, proof of income, history investing, down payment etc) or do they just use the house as a collateral ? and for the refinance part of brrrr will banks require me to provide proof of income and need me to have good credit score? my credit score is not so good in the 600s on the states side and i have full time job in Toronto Canada not in the states.Will banks except me since this is crucial part of the brrrr process? are there anyone doing same thing based in Toronto?
