All Forum Posts by: Shahriar K.

you could possibly get the seller to help you also if they are willing. But as far as I know 20% is a must for second mortgage. 

Hey @Chris Gillins hopefully the inspection will go smoothly and you are able to move in there quickly, I am sure your kids will appreciate it greatly since they will all have a bedroom now. keep us updated.

Hey Everyone

I was wondering if there are any foreigners investing in USA using Subject to existing mortgage, or anyone has any tips if this is something foreigners(Canadians) can do without triggering do on sale clause.

Thank you in advance

Hi @Account Closed I have looked at the properties in Penticton and what you are describing for cap rate is true over there also, that's why I haven't bothered looking in BC and am looking in WA state. Since you live in a small town you might be able to get in touch with the owners of the properties that are similar too what you want to purchase and see what they have to say, you might even find a off market deal this way also.

Hi @Colby Litzenberger someone else outbid me on that property but if that deal falls through I will be the backup bid. I have read books my biggest challenge is doing it for the distance and sometimes not being able to see the property before I have to bid on it. 

have you or @Kristin Whitaker been able to find deals off the market in Spokane, I wasn't able to find any good wholesalers?

This is what I listen to on the train, Congrats and many thanks for doing these awesome podcasts.

Hi @Kristin Whitaker Thank you for the encouragement. I think this is a good property to start with since it needs about 10,000 work to make it nice and rentable, I might try and flip it after couple of years if the price is right.

Hopefully when I buy it I will finally have my name in the success stories section.

Hello everyone

I am looking at possible purchase of a HUD home that will be opening to investors in 2 days. The property is in Spokane WA and I am looking at buy and hold option. I do have a great Realtor who's helping me through the steps and I have read the forums here, but any advice from the members to help me stay calm would be great (this also will be my first US purchase, and too top that I might not see the house before putting a bid, just going with videos and pictures my realtor is sending me). The house is cheap enough that I will be buying it cash and after some updates it will meet the 2% rule.

Welcome to the site and keep us up to date on your wholesaling, I don't think Canada is an easy market to wholesale in, and that's awesome that you have previous experience. 

welcome to biggerpockets, from south BC. I have been looking at both multi and SF in USA, as prices around where I live is too expensive.