Canadians Financing Investment Homes in Tucson - Not So Much
October 10, 2008
Been hearing it for a while, but my friend over at the Arizona Mortgage Guru posted today about financing for Canadians purchasing homes in the states drying up. Whereas at the start of the year, our lovely Canadian friends could purchase investment property - vacation homes here in Tucson, rental property - and finance it here in the US, this is no longer possible, to the best of my knowledge.
Anyone knowing otherwise - please speak up!
Other Information That Might Be Helpful
- Lessons Learned from Canadians Buying Tucson Real Estate (April 29, 2008)
I recently had the pleasure of helping a couple of Canadians buy real estate here in Tucson as investment property. The current exchange rates make real estate here in Sunny Arizona rather attractive at the moment to our Canadian friends. I think we both learned a lot about how real estate works in each other’s [...]
- Top Ten Things To Know About Tucson Real Estate - Community Property and Other Ways to Take Title (July 23, 2008)
Number 9 - Community Property
Arizona is a Community Property state, which means that anytime a husband and wife purchase property in Tucson, it is assumed that they’ll hold title together, equally, as community property.
When one spouse tries to buy property on their own, the other spouse usually has to explicitly give up their rights to [...] - Checking Your Agent’s Official Record (May 19, 2008)
I think it’s always important to know who you’re dealing with, especially when you’re making the kind of big decisions that go along with buying and selling and renting real estate.
I was trying to help some of my clients out the other day - they’re investigating renting their home, but my company doesn’t deal in [...] - Central Tucson Homes and Non-permitted Additions (December 4, 2007)
A quick shout out to my Raytheon readers. Engineers, unite! Form of… ah, an iPhone?
I’m spending time this week showing Central Tucson homes to a client, trying to stay under $200,000, with at least 3 bedrooms, 2 baths, central air conditioner, and - preferably - covered parking.
Central Tucson is largely homes from the 1950s [...] - What’s the Risk of Buying As-Is? (July 23, 2007)
I’m working with a nice couple trying to buy their first home in Tucson, and we’re in negotiations currently for a property. They’re faced with a counter offer from the Seller, with an “As-Is” clause.
First, “As-Is” doesn’t negate a Buyer’s right to thoroughly inspect the property, at least as far as Tucson real estate [...]
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Got Compass Bank down there? They have a foreign national loan program. I have a guy up here if you need it. You know where to find me…
[...] still possible for a Canadian citizen to get financing on an investment property in Arizona, which could have been prompted by our friend in Tucson Kelly Kholer’s post since her blog is read by thousands and thousands of people each day (just a [...]
Pulte Mortgage is still able to get my Canadian buyers qualified (for now, crossing my fingers)!