All Forum Posts by: Michal Liviatan Carpenter

Hi @Shawn Smith

I am a US loan officer in Toronto, assisting Canadians to secure financing in the US. Feel free to reach out with any questions! 

Hi @Connor Hibbs

We can chat… I have a source for FN that allows 75% new purchase and 70% refi’s. 
75% would be an exception for a strong borrower. 
The 70% for refi is pretty rare though! Of course when DSCR is there etc..

Hi @Christian Sorrell 

I am based in Toronto and financing Canadians investing in the US in the last 4 years. Same as everyone above wrote, you will qualify for a DSCR product.
First step is figuring if the investment will go under personal name or a US entity, second is to open a US bank account, then you are set. I can assist with each step… Also to get you pre approved in minutes. Feel free to DM me.

Hi @Levi Goulet 

I am a US loan officer based in Toronto and assisting Canadians to invest in the US.. 

Taxation- Only a CPA who understands CRA and IRS. There is no one solution for all and it is a case by case based scenario. 
It is recommended to treat a rental investment as a strict business and do the separation.. There are benefits like liability protection and expenses as a write off BUT for one property or a small portfolio I also see many who personally holding the property and guaranteeing the mortgage. I have my 3 favorite go-to cross borders CPAs I can refer you to.

Setting up a US entity is the easiest part. 5-7 business days to process and done remotely. It’s the EIN that takes time, provided by the IRS. You will need it to secure financing if an entity is your investment vehicle.  

The BRRRR method is completely doable for a foreign national investor. DSCR nature is to be more expensive than conventional loan but also accessible and fairly quick to get it done.
Feel free to dm for any questions.. There are some nuances specifically relevant to Canadians..  

Hi @Marty Howie

Fellow Canadian here. I am a US broker, based in Toronto, and financing Canadians in the US every day all day. It will be a DSCR loan, under your US entity or personally held. There are little nuances and differences specifically when it comes to Canadians but most of what others said on the thread here is correct. I can get you up to 75% financing, a US bank account with remote opening, cross borders CPAs who understand CRA and IRS, and more. Feel free to reach out!

Hi @Harris Constantatos

I am a US private lender based in Toronto, financing Canadian investors in the US. Feel free to reach out with any question! I have many vetted connections in OH as well.. Good luck! 

Thank you @Lindsay Stewart for the shout out! 

@Rajesh Rajendran Feel free to DM me with any questions! 

Hi @Somesh 

I am a US lender based in Toronto, feel free to reach out with any question regarding financing/US entity formation or accounting services. I also have some partners/realtors working in Rochester and specifically working with foreign national investors.

Good luck! 

I am a US lender based in Toronto.

Feel free to reach out with any question. Good luck! 

A non-owner-occupied mortgage in the US for a Canadian foreign national investor will require 30% down payment in the non-qm mortgage industry. 

You can also get better terms and lower downpayment with RBC/BMO Harris, but you will require to occupy the property. Feel free to send me a dm if you have any questions, happy to help. 

I'm based in Toronto and securing mortgages for Canadians every day all day.