Thank you for your responses - Recently the landscape for Foreigner Nationals have changed dramatically - requiring 40% down, and rates of 7.4% and up...why are the banks making it so difficult for someone trying to boost the economy? Understanding that there are risks, however, as Canadians we are under the same financial umbrella as Americans, and our records are shared between the 2 countries. Has anyone heard of anything different? I am finding it very difficult to finance this deal through a US bank, and would probably default to a CAN institution instead given the new parameters. - Sun May 18 2008, 08:57
To clarify, looking for at least 2 properties - leaseable properties, with positive cash flow, and potentially the ability to live in as a vacation home (we are from Canada). Budget is up to $100K for each property. 2Br/2bth at least, and not more than 7 yrs old. Nice area, close to amenities, etc... - Tue Mar 4 2008, 09:35
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