House Loan Oregon
House Loan Oregon
i am canadian and i want to buy and rent out a house in Oregon?
i know that i can buy a house and stay in it for six months out of a year, but i just want to rent it out,
where is the best place to get a loan?
what % down will i need?
will i need to pay taxes in both countries or is there a way around that?
what percent is tax?
who do i need to see about setting up a rental?realtor, accountant, or a lawyer?
is there a link that i can get to see the rental agreement?
and is there anything that i may not know about renting out a house that i may not like?
thank you
You are getting sales pitches. Real estate agents and lenders work on commission and watch these sites for leads. Your best bet is to come here and first sit down with a professional mortgage lender in Oregon near the area you are interested in. They can answer all of your questions and refer you to some reputable real estate agents. I would strongly suggest you do not try to do this on your own or from a distance. Non-resident mortgage loans have limits, especially if you don't plan to occupy the home. You will have to pay property taxes. This varies by state and also by county (and even city). The lender will probably estimate them at 1.25% of the sales price. You can probably download a rental agreement from the Oregon Department of Real Estate. Most of the non-resident rules are mortgage-related, so you can do some online research for lenders (again, and I stress) in the area where the house will be. Good luck!
Mobile Home Loans Oregon
