Investment Info:

Single-family residence fix & flip investment in Homestead.

Purchase price: $249,900

Cash invested: $9,000

Sale price: $340,000

Closed

What made you interested in in...

You'll be paying 15% SE tax off the top of your flip earnings as a self-employed sole-proprietor/single member LLC, then federal (50% of SE liability deducted) and state withholdings at your tax rate. 

The truly wealth funnel income from the S, E, or B quadrants into the I quadrant to accelerate the process of becoming financially free.  

My contractor should have caught the fact that my SE did not call out 18" footings for garage slab, but had worked in the LA area long enough he thought it would be overlooked.  

Lot's of choices of great areas.The SE Valley has a very high per capita average income and good crime stats.Happy to answer any questions that might arise.

I live in the SE Denver area now (Parker) and with the market here I am really considering remote properties. 

We like to focus in Raytown, Grandview, Lee's Summit, Belton, specific areas in Independance, and targeted areas in SE Kansas City. 

I agree that Flint is a challenging landlord gig because the economy in Flint is somewhat worse than most other areas in SE Michigan (except maybe Detroit, Pontiac or Saginaw).

I buy in one really specific area of one town and don't really have to run numbers per se anymore because I can just spot a good deal in the area.  

@Joel Owens Hi Joel, I'm looking to buy a MHP outside of Atlanta preferably on the SE or NE side.