U.S.A. Lending For Canadians & Other Foreign Buyers

The Wisdom, Lifestyle, Money, Show

Scott Dillingham discusses the lending options available for Canadians and foreign buyers interested in purchasing investment properties in the United States. He highlights the benefits of working with a one-stop shop lender that covers both residential and commercial lending in Canada and the US. Scott provides examples of different lending options and rates for commercial and residential properties. He also explains the process of obtaining financing in the US, including the importance of setting up an entity, opening a US bank account, and working with professionals. Scott concludes by mentioning new products available, such as fix and flips for foreign buyers and lines of credit for experienced flippers.

• (00:00) - Introduction and Overview
• (05:08) - Financing Options and Misconceptions
• (07:32) - Mortgage Terms and Options
• (13:53) - Considerations for Property Condition
• (19:53) - Setting Up an Entity and Opening a US Bank Account
• (24:08) - New Products and Options
• (26:51) - Conclusion and Next Steps

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Takeaways

• Canadians and foreign buyers can access lending options for investment properties in the US through a one-stop shop lender that covers both residential and commercial lending in Canada and the US.
• Working with a lender in both countries can lower fees and make it easier to access equity.
• Financing in the US is based on the income of the property and does not require a US visa or partner.
• The lending process involves setting up an entity, opening a US bank account, and working with professionals.
• New products available include fix and flips for foreign buyers and lines of credit for experienced flippers.

If you're looking to access the best financing for Real Estate Investors in Canada & the U.S.A., then I suggest you Book A Free Strategy Call with a specialist on my team.