Quote:
Originally Posted by blkgsr
until you're looking for a new tenant and carrying that extra USD mortgage
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most ppl (including me) bought their US properties for pennies on the dollar and used Cdn debt for 2 reasons:
1) it is hard to get cheap mortgages in the US as a foreigner (cheap defined at 3.5%, the run of the mill line of credit on a Cdn property)
2) this investment was never just a real estate play, it was always a currency play too - if one invested in US property not considering the latter, they were lucky, not smart.