He is overbidding by an insane amount and still losing properties, usually to cash offers.I haven't done research into this for personal real estate purchases so looking for some pros/cons here from my idea.Can you take out a hard money loan to make a cash offer on a personal home.

If you know that something major will need replacement in the future, increase the monthly amount you are depositing into your reserve fund.

Updating all the mechanicals, refinishing the wood flooring, adding a 1/2 bath, flipping the kitchen from the existing kitchen into the dining room to make it more usable, updating the full bath, and adding a garage as well as painting throughout.

Consider renovation costs and potential for adding value through improvements.Resources and Tools:Local Real Estate Networks: Connect with local real estate agents, property managers, and investors for insights into specific neighborhoods and market conditions.Online Tools: Use real estate websites and platforms to analyze property prices, rental yields, and neighborhood demographics.Tips for Canadian Investors:Tax Implications: Understand tax implications for Canadian investors owning U.S. property, including withholding taxes on rental income and capital gains.Legal and Financial Advice: Consult with a cross-border tax specialist and real estate attorney to navigate legal and financial aspects of investing in the U.S.If you would like to discuss further/need financing please feel free to reach out.

We’re looking to remodel our small kitchen (about 12 x 12, L-shaped), and convert the garage into 2 bedrooms (not an ADU, no added bathrooms or kitchen, just adding bedrooms to the house).  

Then branch out to do more deals that way for buy and hold rentals once we get settled into our new home. 

I am just getting into my real estate investing journey as well and am excited to be a part of the community and to take in as much knowledge as possible.

My wife and I are thrilled to begin our journey into real estate investment.

We don’t want to pour any more money into it.

A better and cheaper alternative is to put the paid-off property into a land trust.