We have until noon tomorrow to get a quote on flood insurance and withdraw our offer if we wish.

@Matt Smith generally speaking it’s a combination of rising interest rates which have caused cap rates to increase (thus wiping out equity), debt is resetting at higher rates, rising opex costs due to inflation and stagnant or softening of rents due to an increase of supply.

Quote from @David Mancia: My Name is David Mancia, and at the end of last year I finally took the plunge and decided to contact RTR to buy my first out of state property, and I was contacted by Ms.

Together we make about 120k-ish and as were doing this, were actively paying down our credit card debt which together is about 20k at the moment, just fyi.I feel like this is a solid plan, but I'm not too big headed to admit that I don't know everything.

A 5000+ sqf Triplex located in the Tremont Area of Cleveland.

If you're a member of the NWMLS, just look at recent flipped deals and note the seller.

I am new to BiggerPockets and I am new to cross border investing. at first glance, everything online states that you will need an LLC to purchase a property in the United States as an investment. but upon further research, it states that the CRA will not accept American LLCs and they will be seen as a corporation.

Make sure to have a good CPA that understands real estate investment.

This creates a negative initial position.

And this allowed us to retire a decade or more sooner.