Truth About Real Estate Investing - How to Navigate U.S. Mortgages As A Canadian

Today, we have my Mortgage Broker Scott Dillingham from Windsor, Ontario who as far as I know is the only investor specialist who can help Canadians with mortgages in both Canada and the USA. He shares how American debt service coverage ratio mortgages work when buying income properties in the USA. Scott is a real estate investor himself and shares some of his own challenges as a Windsor landlord and how/where he plans to buy his next investment property and why. You can also reach Scott and team at [email protected], an a custom email address made specially for you, my 17 listeners. Please enjoy the show! 📅Join Our Upcoming Workshop: How to Invest in the U.S. Real Estate Market as a Canadian Investor! For those who’d like a deeper understanding of how to invest in the USA, we are happy to announce our next US investing workshop on Saturday, April 13th. 🔗Sign up: https://USAworkshop.eventbrite.ca/?aff=YT 🔗 Connect with SHARE: https://iwin.sharesfr.com/ 👉TIMESTAMPS: 0:00 - Introduction: Canadian investor's market update 8:41 - Financing with scalable portfolios 12:56 - Challenges with real estate investment in US and Canada 21:18 - Regular inspections are practical for landlords 25:19 - Investing in commercial property for income 27:21 - Investing in rental properties to minimize costs 31:15 - Lack of rent control leads to financial strain for landlords 37:06 - Failures of the landlord tenant board 44:36 - Investing in real estate in southern states is promising 50:38 - Borrowing money for real estate is easier in the US than in Canada 1:02:23 - Understanding mortgage payments and pre-approval process 1:06:07 - Building credit history for better mortgage rates 1:17:58 - Investing in both Canada and the United States 1:19:49 - Getting a mortgage for an apartment building vs. single family home 1:25:49 - Managing currency risk in real estate investing _____________________________________ This podcast episode is also available on: 👉iTunes:https://itunes.apple.com/ca/podcast/truth-about-real-estate-investing…/id1100488294 👉Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr 👉Spotify: https://open.spotify.com/show/6Z8yd37AQfQI5DK0J0Xwzz 👉 Google Podcast: https://podcasts.google.com/feed/aHR0cDovL3d3dy50cnV0aGFib3V0cmVhbGVzdGF0ZWludmVzdGluZy5 AND everywhere else, you listen to podcasts! _____________________________________ 👉 WATCH NEXT: ▶️Executing 150 Deals & Adapting to Canadian Real Estate Market Shifts:https://youtu.be/QO0eooYb3Ec ▶️2024 Tax Update, How Many USA Houses We’re Buying with Cherry Chan CPA, CA:https://youtu.be/Hb9dmNBjZCE ▶️From Florida Fixer-Uppers to a 70-person Muskoka Vacation Resort: https://youtu.be/RtqGIffxwcM ▶️Epic Fail II $144M In Debt, $54 Unsecured Seeking Bankruptcy Protection: https://youtu.be/qGkR6023auw ▶️From $9K to $20M Portfolio & Exiting Canada for U.S. Opportunities: https://youtu.be/rvLMJnZdZVs ▶️Mastering U.S. Real Estate Investments While Working From Home: https://youtu.be/kfwFTH5w-aI _____________________________________ 👉 WANT TO BUILD WEALTH WITH REAL ESTATE? If you’re interested in being a successful real estate investor like those who have been featured on this podcast and our hundreds of successful clients, please let us know. New investor or seasoned veteran investor, we can help anyone by providing our award-winning coaching services, and this isn’t all talk. Only work with the best is what my father always taught me. If you’re interested, drop us an email at [email protected]. I hope to meet you at one of our meetups soon. _____________________________________ 👉 ATTEND OUR UPCOMING EVENTS (Most of them are FREE): https://www.infinitywealth.ca/events _____________________________________ 👉 SIGN UP TO FOR THE IWIN REAL ESTATE NEWSLETTER AND GET PODCAST EPISODES SENT TO YOUR INBOX: https://www.infinitywealth.ca/newsletter-yto _____________________________________ 👉SEE ALL OUR REAL ESTATE RESOURCES HERE: https://www.infinitywealth.ca/resource ____________________________________ 👉 FIND ME ON SOCIAL MEDIA: Facebook: https://www.facebook.com/erwin.szeto Instagram: https://www.instagram.com/erwinszeto/ _____________________________________ #truthaboutrealestateinvesting #RealEstateInvesting #realestate #canada #RealEstateTips #realestatemarketcrash #financialcrisis #erwinszeto #erwinszetopodcast #USrealestate #mortgage