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Question:
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.
Answer: Wednesday, February 04, 2009
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
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