Some lenders may offer programs that allow you to use equity from your Canadian properties as collateral for a US mortgage.Seek Legal and Tax Advice: Since investing in US real estate as a Canadian investor can have legal and tax implications, it's essential to seek advice from legal and tax professionals who specialize in cross-border transactions.

Many will say it is, but what we're not seeing is the collateral, credit, character, or experience of the borrower.

If you are offering 50k over asking, a regular home inspection usually reveals 3k-5k worth of issues, so in the scope of things that's collateral damage. 

You may be able to cross collateralize a loan on your other property temporarily and get good financing to build a nice home and then sell it. 

Hey Jennifer, The only other way that you can tap into the equity from another property to purchase a new one, without having to refinance or obtain a HELOC is through a cross collateral loan.

Tell them you would like to Cross Collateralize to buy a 3rd property. 

Are there any active rentals in that area in similarly situated collateral?

The wet signed physical piece of paper is the actual collateral for this deal. 

Likely no US banks will loan overseas so you will need to collateralize it another way. 

Just a little nervous on the risks and collateral depending on what lane I take loan wise etc.