Investment Info:

Single-family residence fix & flip investment.

Purchase price: $110,000

Cash invested: $150,000

This is our first deal as a full family (Parents, sister and brother in law, me). ...

@Devin James ok now you got me "thought vomiting" here but just hang with me a moment cause maybe there will be something. 

Starting small with multifamily properties is my ideal preference at the moment, as I focus on learning, growing, and immersing myself in as much information, data, and real-time experience as possible.As I build my investment portfolio, I could definitely see myself being interested in scaling up to larger acquisitions in the future, but for now, my focus is on mastering the fundamentals and starting small.

I'm looking to create the dream with many fix and flip opportunities this year in Kansas City and I want to outperform the incredible year I had in 2024. 

As you might already know, house prices in New York are extremely high, which makes it financially difficult for me to try house hacking here at the moment.

We live in California at the moment and I have W2 job and my wife a small online business.

I'm on a 6th exchange with them at the moment!

I think 2-4 units may better suit me at the moment until I am a bit more experienced.

I’d love to hear your thoughts on striking the right balance between being thorough and adhering to fair housing practices.Thanks again for starting this conversation—it’s incredibly valuable to learn from experienced property managers like you!

Even more exciting, I’m already getting my second property under contract tomorrow with my partner.A huge thanks to everyone for the incredible content!