Fidel Mercado Gonzalez
Financing Options for International Investors in Canada: Seeking Insights
22 January 2025 | 5 replies
[I think someone else provided an example of this case earlier]-Now provided you do qualify for purchasing a house (4 units or less), you will have no problem qualifying for a mortgage with a Schedule 1 bank as long as you provide the down payment (35% minimum of purchase price) and confirm proof of fund and the source of it- On the proof and source of funds, the banks would want to see an income enough to cover the mortgage payment and other expenses. and in some cases, they would want to make sure they know how you're going to cover your expenses (housing, heating, etc..) where you live.This is usually where it gets annoying for some folks but if you can satisfy this, you should be able to qualify for a mortgage just likely any Canadian tax resident, albeit you will pay a little more in terms of interest rate, etc.
Daniel Amsalem
Please help keep northern VA STR-friendly
17 January 2025 | 10 replies
I filled out their survey and provided some constructive feedback, even though I don't own a STR here.
Kyle Kulhanek
Retitling a property to an LLC - Chicago
23 January 2025 | 7 replies
While this guidance provides general steps, it’s not legal advice; an attorney will ensure the process aligns with your specific circumstances.This post does not create a CPA-Client relationship.
Devin James
New Home Buyers are Strapped for Cash
24 January 2025 | 3 replies
We've sold 65+ homes and the biggest request we get from our Buyers is help with closing costs.Most of our deals we're providing anywhere between $5K-$10K to help Buyers offset the cash requirement to purchase a home.Even in today’s "high" interest rate environment, many Buyers prioritize closing cost assistance over an interest rate buydown.
Kobina Grant
Excited to join the community
22 January 2025 | 4 replies
Here is a link that provides fantastic information on the turnkey investing option from BP.
Harrison Jones
Seeking Advice: Collaborative Development Opportunity with Neighboring Parcels
21 January 2025 | 0 replies
The idea would involve working together to construct a road that provides access to my property.From there, I’m considering developing a 16-unit multifamily project on my land.
Rachelle Bertumen
Newbie to AirBNB
20 January 2025 | 9 replies
There are areas outside the Tahoe basin with a short drive that can provide for solid short term or long term income streams and still pull in the Tahoe goers.
Sharon Porter
How to purchase a property that the state take over?
25 January 2025 | 3 replies
Ensure the state provides a clear title upon sale.
Chris Summons
Contracts for Sub Contractors to Sign
14 January 2025 | 4 replies
Scope of WorkThe Subcontractor agrees to perform the following work (“Scope of Work”):Detailed description of tasks and responsibilities.Exclusions: [List any exclusions here].Materials to be provided by: [Contractor/Subcontractor].Reference drawings or plans: [Attach if applicable].2.
Abrahm Dimmitt
Prop stream or Deal Machine?
17 January 2025 | 35 replies
It's a relationship game more than anything, so if you're building strong relationships with them and providing a consistent product, you'll be golden.