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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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23521176 No.23521176 [Reply] [Original]

Hi guys,

My family has a business outside of Canada and is planning on moving to Canada in the future.

Due to the business we have accumulated some wealth outside of Canada ($20 million CAD) and have cash income of $500,000 CAD on an annual basis.

As part of moving back here we would like to invest in real estate as it seems to be a safe and profitable investment.

Since interest rates are low we want to buy property with a 25% down payment and use the cash flow from the business and rental income to cover the mortgage payments.

Our business is in a third world country and has little documentation to support the figures. This will make it difficult to borrow against its income inside Canada.

I have a job in Canada so I can use that to qualify for a personal mortgage to buy one property.

I'm a fresh uni grad so my access to credit is limited and the issue with the business makes it hard to use that to obtain financing.

We had the following questions:

How can we use bank financing to buy multiple properties?

What kind of professionals should we reach out to regarding this problem? (lawyers, accountants, real estate agents?)

>> No.23521519

>>23521176
ching chong ping pong fuck off
>it seems to be a safe and profitable investment
hahaha jesus christ

>> No.23521799

Stay in your own country please.

People just like you have ruined the market for middle class Canadians. Chinks, Niggers, and Pajeets

>> No.23521838

>>23521176
I fucking hate you people, disgusting parasites speculating on the backs of hardworking Canadians.

>> No.23521951

>>23521176
Subhuman filth, fuck off from Canada.

>> No.23522358

>>23521799
>>23521519
>>23521838
>>23521951

Why all the hate?
My family's Canadian and we want to make the country our new home.
I actually love Canadian culture.

>> No.23522388
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23522388

>>23522358
>Canadian here

>> No.23522449

>>23522388
not Chinese either

>> No.23522473

Its really easy. Especially if you have money lol. What province are you in? BC?

>> No.23522490

>>23522358

We didn't inherit our wealth.
We had to work for every dime.
My granddad was a janitor and my dad only got to go to uni cause of a scholarship.

He tried to get a job in Canada for years but they didn't accept his education so he gave up and went back home.
We really only got successful cause of taking risks where no one else would.
No political or family connections.
Why do we not deserve to retire somewhere safer?

>> No.23522504

>>23522473
I'm based in Ontario.
Just want to know which doors to knock.
We don't have any family connections or friends in Canada.

>> No.23522716

Fuck off we're full