New member from Ontario looking flip in US and ON investing

[Sophie MacDonald]

Hello!

I am new to investing and would like to start doing flips the sooner the better. I've heard that the US has much more potential than Canada.  Can anyone share their experience flipping in southern Ontario?  Are there good retail deals(areas )?  

I also really need contacts to a solid cross border accountant and lawyer if someone can recommend.  I have some capital 30k and can borrow 100k short term ( credit).  Any one willing to offer their advice on how they got started with US infesting or provide a link on reading materials of a list of to dos would be greatly appreciated! 

Thanks!

[Matt Geerts]

Hey Sophie,

A regular bank won't lend more than 80% LTV so your 30k can buy you a 150k house and your 100k credit gives you lots of room to spend.

I'd try to use the mentality of "buy like a wholesaler" and find some places in that 150k range that you can bump up over 200k. Try not to let agents siphon your margins.

Good luck and welcome to BP!