Live in flip strategy

[Zachary Beauchesne]

So I’ve been in the process of figuring out which strategy is best for me to start out investing. I’ve made a few connections with realtors in different locations as I have done some research on long distance investing and gained some insight on how it could work. However my job requires a lot of my time and my wife and I can’t seem to find the middle ground on what the best strategy for us is. So I came up with the live in flip. We are coming up on two years in our current residence and I have about 45k to invest. My plan would be to put about 20k into the kitchen, floors, and bathrooms hoping to turn a 100k profit (numbers don’t work as a rental) and buy a property that is livable but needs work and do the same again over the next couple of years. Ideally raising more capital to fund other investments. Thoughts??