It all depends on your strategy, house hacking, rehab, BRRRR and/or turn key properties. 

Account Closed Unfortunately you are correct, you are still responsible for all the costs of the property. 

Hi @Asif Ali Kabiruddin Rajani,What we hear a lot from other Americans is that real estate opportunities tend to cost less here in Europe (especially in countries such as Spain where we are active).A thing to keep in mind though is your tax planning as you will still need to pay taxes based on the US guidelines if I'm not mistaken. 

I attempted offers to BRRRR in Indianapolis - huge stressors, renovation costs more than projected and ARVs not high enough (got out of those contracts).

It is not really true because to get the same rate it will cost much more in upfront costs in either origination or discount fees, AND much higher back end fees in pre-payment penalties.

And an infestation of German roaches that made the pest guy jump (he said).After everything was said and done, we incurred 4 times the cost as I was told/ estimated. 

Are their flipper secrets to getting materials at a lower cost?

They are cheap, and will get cheaper in coming recession, as tourism to Vegas will decline, and they have superior growth and great management, that know what they are actually doingADC -(Agree Realty), they do what I do privately, but on a bigger scale, run by Joey Agree , very smart, they have excellent growth, multi-tenant, triple net retail, and grocery anchored Retail, they will benefit from massive secular tailwinds, as there has been under construction in retail for years, due to fear of E-commerce, higher construction costs/insurance costs, post GFC under financing-construction, etc, so existing inventory is commanding higher rents, we are bumping new leases by 7-11%, they will get this endogenous earnings growth for yearsthese should perform well over next 10 years, never buy anything in Real Estate for less than 10 years, to allow to go through cycles, and if you can buy in 401k/IRA so dividends can be re-invested tax freegood luck, you have to monitor your E-REITS like you would any other stock, closely, as they move with sentiment not just on NAV like private Real estate, so you can't just dose em w 200mg of propofol and walk away, not that you'd ever do that :)good luck

But you also want to make sure you have enough left over to make sure you have some holding costs should things not go as planned.

You would be in an unsecured position and the cost to manage and service the loan (which is required by law but most ignore) would add a cost to youJust sell it at reduced price