Profiting in U.S. Real Estate from Canada With Derek Wormsbecker
Description
In this episode, Scott Dillingham interviews Derek Wormsbecker, a mortgage agent and investor who shares his experience transitioning from Canadian to U.S. real estate investing. Having sold his Canadian property, Derek describes his journey finding and purchasing a new construction home in Arkansas through Share, highlighting the advantages of U.S. real estate investment.
Key Timestamps:
[0:00 ] Investment Journey
- Starting in Canadian real estate
- Transition to U.S. markets
- Share partnership experience
[4:30 ] U.S. Investment Benefits
- Lower entry costs
- Landlord-friendly laws
- Currency advantages
- Market opportunities
[8:45 ] Market Analysis
- State selection criteria
- Property considerations
- Market fundamentals
- Growth indicators
[12:30 ] Mortgage Process
- Property-based qualification
- Documentation requirements
- Lender accessibility
- Foreign national programs
Key Points:
1. Investment Strategy
- Market research importance
- Property selection
- Team building
- Exit planning
2. Market Benefits
- New construction options
- Property management
- Tenant regulations
- Cash flow potential
3. Financing Options
- Foreign national programs
- Multiple lender access
- Streamlined qualification
- Expert guidance
Contact Information:
Book a call with Derek
Dereks Website
Important Tips:
- Research market fundamentals
- Consider property size
- Review loan requirements
- Evaluate state regulations
- Verify growth indicators
United States
