Hi all, new here at the forum and thank you all for all the knowledge you guys share…its amazing.I am interested in this question as well as we just got back into this from like 10 years ago, few things have changed for us, and the main one is finding deals with whole sellers, sometimes the price looks good, but once we add numbers we are currently seeing that everyone else in the deal makes tons of more money than us….for instance, we have checked properties now, where we pay closing cost, interest on a portion of the borrowed money, commissions after selling the property, etc and we see 30-40k going out on all of this,  then we barely make a 20k profit or less on a property of 200k …many of the deal we found we barely get close to a 10-15% of the initial purchased price, which to me sounds like a lot of hassle and my wife says that i am getting old and too picky :)i keep saying that ideally we should shoot for 15-25% profit from the purchase price…if i get a property at 200k and the rehab is 50 and everyone else makes 30k then we should at least net out 30k as well.

I'm starting to worry less about initial cash flow (I mean, I don't want it to be hundreds upside down each month), and more about does it break even or get really close?

Initial thoughts revolved around this structure, specifically 50/50 but its a great reinforcement to hear it. 

My initial question, does anyone know what's involved to invest in a US market as Canadians?

It was a slow start to the initial spring 2024 shopping season, but properties are still closing quickly, still nearly 1/4+ for all cash and the majority of investors are well capitalized due to the appreciation of their real estate and stock based assets. 

Initially I wanted to use vinyl snap together flooring since it is pretty durable and I have worked with it before.

Hey @Tomas Nuno - I know that The House Hacking Strategy is a great book to help answer some of those initial house hacking questions you have, especially when it comes to investing with an S.O. 

No start-up capital, no reliance on banks, no particular expertise required (initially at least, we had still had to learn a lot along the way!).

Hi Ko - yes, it will, but I am thinking of any initial capex expenses that may be needed before we have the chance to save up from anything coming out of the rent as expenses.  

Historically there is a bad relationship between initial cash flow and long term cash flow.