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All Forum Posts by: William Wong

William Wong has started 20 posts and replied 62 times.

Post: Landlord lawyer

William WongPosted
  • Investor
  • Ottawa, Ontario
  • Posts 63
  • Votes 4

Thanks Steve.

I never thought of it that way but that is good to know!

I like it because it seems to be a useful insurance policy for not very much, but, it would be good to get some references first.

Post: Landlord lawyer

William WongPosted
  • Investor
  • Ottawa, Ontario
  • Posts 63
  • Votes 4

Hi,

My name is William. I am a landlord based out of Toronto Ontario.

I was thinking of purchasing legal services and came across what seemed to be a pretty good one online.

http://www.landlordlawyer.ca/

I wanted to get your recommendation on whether this is a good service?

If not, who might you be able to recommend?

Thanks,

William

Post: 50% rule and 1% rule

William WongPosted
  • Investor
  • Ottawa, Ontario
  • Posts 63
  • Votes 4

Just curious as to whether anyone has experience working with the Western Canadian Properties Group?

Post: Platinum Properties Group Corporation

William WongPosted
  • Investor
  • Ottawa, Ontario
  • Posts 63
  • Votes 4

Also interested in any Canadian Real estate companies that assist Canadians in investing in the United States. Does anyone have any suggestions?

Post: Platinum Properties Group Corporation

William WongPosted
  • Investor
  • Ottawa, Ontario
  • Posts 63
  • Votes 4

Hello everyone,

Just wondering if anyone has had experience working with the Platinum Properties Group Corporation. They are based out of Vancouver, Canada.

Thanks.

http://www.ppgcorp.ca/

Post: Canadian Turnkey companies?

William WongPosted
  • Investor
  • Ottawa, Ontario
  • Posts 63
  • Votes 4

Hi Gary, Yes, basically something that has everything set and ready to go.

My objective is to have something passive.

Post: Canadian Turnkey companies?

William WongPosted
  • Investor
  • Ottawa, Ontario
  • Posts 63
  • Votes 4

Hello,

Just wondering if anyone had any recommendations regarding good Canadian turnkey companies to work with?

Thanks.

Post: Financing for foreigners buying in the USA

William WongPosted
  • Investor
  • Ottawa, Ontario
  • Posts 63
  • Votes 4

Argh .. this is bad news.

Has any Canadian been able to make something work despite the high interest rates? I am just crunching numbers right now and things do not seem to work out.

Unfortunately, the Canadian dollar is trading at an 11 year low which makes conversion difficult.

Post: Financing for foreigners buying in the USA

William WongPosted
  • Investor
  • Ottawa, Ontario
  • Posts 63
  • Votes 4

What is the minimum down payment required if you are a non-US resident? I have been looking into US turnkey properties but am getting the impression that my only option is to rely on non-recourse lending. This would require a minimum of 25%- 30% down and the interest rate is often very high - minimum 8%.

I am a Canadian resident and was hoping to obtain conventional financing through a Canadian bank with operations in the US. Royal Bank of Canada has such an option. What I was thinking of doing was to put  a 10% down payment on a US turnkey property and finance the rest of it with a conventional mortgage.

Is such an option even possible? and what restrictions are there exactly for foreigners?

I feel the non-recourse lending route makes the cost of investing far too high.

Post: Ohio Cashflow and Kansas City Investment

William WongPosted
  • Investor
  • Ottawa, Ontario
  • Posts 63
  • Votes 4

Does anyone have any experience working with Ohio Cashflow and Kansas City Investment?

Shopping around for a turnkey provider ..