Ask Ozzie

Q:

I was planning on buying some properties (4-6) in Arizona. I spoke with a lender that lends to Canadians and all was well until I told them I already own 8 other properties (7 in canada and 1 in the US). I was told the US will only allow you to have up to 4 mortgages INCLUDING your CDN ones. Any tips on how to get the mortgage. I was expecting to put 30% down as per lending criteria.

A:

Try the subsidiaries of Canadian Banks. Harris Bank is a subsidiary of the BOM and also the Royal has its own banks in the states.

You can also buy 4 condos at our building in Phoenix ... Haha ....

From $21,000 down at par ... balance for 3 years at 5% ... no qualifying ... no banks. Brochure attached. (We have only a few units left)

Much Success,

Ozzie

ask a question

most recent Q and A

all Q and A

AskanExpert.ca