We split the HELOC interest/fees (or perhaps we, the rehabbers, pay it all).Our tax question is, on a typical flip, your property is considered inventory, not an investment.

I would guess you are in the $75 per sf range. 

Interest rates range from 9-12% in CA and come with 2-4 origination points.

I've managed the design and construction of commercial projects ranging from $40-750M.

You can find a single family property on the east side in that price range, but it's getting tougher. 97213 and the surrounding zip codes should put you near a bus route to downtown and in that range. 

@James Johnson, our FARM for flipping has houses than range from 50-100+ years old. 

Looking at properties that are in the price range of $150,000 and renovations to cost $50,000.  

Keeping the metaphor from my post last summer, it would seem the train has not eased back:Canadian housing market hits record in April for average price and sales totalAs per usual Vancouver, Victoria and the GTA are providing the fuel stoking the fire.I am a little surprised to see Saint John, NB listed as up by 4.6% as there is a huge glut in inventory (including REOs) in the City proper.Sooner or later there will be a bend in the track for which the train will be travelling too fast to navigate.Naturally, all the pundits are will now come forth to pontificate.

Been flipping homes for 2 years now and the inventory of distressed homes seems to getting harder and harder to find.Think of getting into the buisness of multi pal family dwellings for income.

On the other hand, parlaying my existing equity into a portfolio of 3-5 cashflowing properties in the $100K range (with 20-25% down) in other parts of the country -- places like Memphis, KC, Charlotte, etc -- is attractive because if I get in with the right Turn Key companies I could use my cashflow to continue to acquire additional properties over time and leave the details to the professionals.Are there other strategies I should consider?