Yup I owned 4 Silicon valley houses  one for less than 100k  this one for less than 200k  another n Palo Alto for less than 700kand one in the Napa Valley ( not really Silicon valley ) less than 400k.. 

@Sudhir N.

Investment Info:

Single-family residence fix & flip investment in Kansas City.

Purchase price: $107,000

Cash invested: $32,000

Sale price: $167,500

Our first stab at a flip went fairly well. ...

ARV: $225 KApplicants Name: ( BLANK )Property Address:  GEORGIA ( 31005 )Broker Name: N/ALoan Type: Pur/RehabUnits: 1Purchase Price: $130,000.00Amount Owed: $0.00Rehab Bid (110%): $22,000.00As Is Value: $0.00After Repair Value (ARV): $225,000.00Credit Score: 720Experience: 0Broker Fee: 0.0%Loan Amount: $139,000.00Loan To Value (LTV): 61.78%Interest Rate: 11.99%Origination Points: 2.50%Term In Months: 24Monthly Payment: $1,388.84Cash to Close $16,475.00Broker Fee: $0.00Closing Cost: TBDSINGLE FAMILYREDFIN CURRENT VALUE RIGHT NOW: $172,7624 BEDROOMS3.5 BATHROOMS2,150 SQ.

As I understand, the only way to expense this activity if I create a business n Sch C and allocate some income from the existing properties which maybe will allow me to expense these business related activitiesThanks again for your feedback

-n

Or, maybe as you say - Im just not looking n the right places ;)

N/Attleboro and that general area are great towns to invest in and a few place where the home actually still passes the self sufficiency test for FHA financing.

@Gloria N GearHave seen a number of deals from Anderson and Muncie that have good numbers.

I love the area, have rentals and have done some fix n flips.