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Updated about 1 year ago,
Impossible to buy anything right now..
Rookie investor here.. just bought my first rental property a few months ago but impossible to buy the second one- even with interest rates over 7% here, every property I make an offer on has 7-10 competing offers with most getting 30-50k over asking. What's one to do ? Keep making offers? Its looking harder by the day to make any cash flow on any of these properties..