Bought with seller financing with 3 year balloon.

Purchase price: $76,000 Cash invested: $25,000 Bought a foreclosure to fix and rent.

I would have bought rental properties of any sort before I bought my primary home. 

Same model house are selling for 10% more than what I bought for.

In California I've bought mostly older homes but I recognize theere's some risk to that.

And investing in cheap homes is absolutely fool's gold. 

As Jay said, the rate is bought down by seller credits from the builder.

As long as you bought in 24 doesn’t matter if you complete the study in 25 for the 24 tax year. 2.  

i bought one last year with cash. 

@Bao Vu From a bookkeeper's perspective, here's how this should be reflected:Tax Basis for the Flip:For tax purposes, the purchase price of the property you flipped (bought in 2023, sold in 2024) will count as part of your cost basis.