I am a Canadian living in Australia as a Australian resident.
My question is how would I get finance in Australia to purchase investment properties back home in Canada as I have been seeing some good ROI properies there?
The properties range from $20 000-$70 000 with 15%-25% returns.
Anyone have any suggestions on where to start?
Devin
You will have a lot of trouble getting an Australian Mortgage secured by Canadian real estate.
Do you have property here to borrw against?
Perhaps a Canadian lender might do it?
Maybe you can take a personal loan to start the first few and the use built up equity to fund further property in Canada?
Just some ideas.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 9853 year fixed rate – 6.85%
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
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