Hi,
I am located in California and have 3 people located in Canada who are interested in investing their credit with me. They all have near 800 score credit.
I have been thinking about how exactly we can do business together.
-How do you think we can use their good credit to do deals?
-Since they are located in Canada, will that have any bearing on qualifying for USA home loans?
Thoughts?
To answer your question… no their Canadien credit will not help you. In fact because they are foreign investors they will be required to put down a larger down payment. In addition to the fact that nowadays just having good credit is only the first step. The days of having an 800 score being the only thing you need to qualify for a loan are gone. In todays market you need assets, income, and in some cases a two year history of managing rental properties.