Purchase price: $177,000 Cash invested: $50,000 - Single-family home in a Residential area near the University of Rochester- Purchased flipped home without inspection, many costly hidden issues revealed after closing - Currently rented for $2,200.

These tenants reported the wood porch floor being damaged, and since it is old, I replaced it with brand new boards. 

when I was comparing your portfolio reporting to mine.

/CRRA_WMA...Weekly Market Activity ReportFor Week Ending June 8, 2024 (Data current as of June 17, 2024)Weekly market activity data and reports are provided by ShowingTime and are updated on Mondays by 2:00 pm, once received.

Regarding profit from the flip, I am pretty sure it passes through your LLC and you report it on your taxes as earned income. 

You can get into a 3-4 family properties (3 to 4 family is preferred since it is tough to find a duplex now that cash flows once you move onto your next househack) with as little as 3.5% down (FHA loan, you can only have one of these outstanding at any given time) vs. 5% conventional loan (you can have up to 10 of these on your credit report before you essentially run out of space) and create an investment property with little money out of your pocket. 

We will provide detailed reports of the properties for you to review, and then we follow through with the repairs or renovations you decide are needed.  

While the intrinsic value of the real property initially seems like a safety net, the reality of the capital stack reveals the risk.

Kind of want to see if this is possible or absolutely not (I'm thinking not but just curious what others think). So my parents are doing a 1031 on their old property to buya new one. My brother and I would like to be ...

One down side is that these reports are not available for each city or released annually.