A live-in flip combines homeownership with the flip strategy: the investor buys a property needing work, moves into it, renovates it while living there over a period of time, then sells it for a profit.
Log in to followI'm two years out of a different career and running the numbers on a live-in flip before I commit, and the piece I can't resolve is basis. Say purchase at $265,000, and over 26 mo…
I look at deals from the lending side and I'd never seen one of these come across as a borrower profile until this spring. Someone came to me for a second position loan of 60k aga…
Small punch-out and finish crew is what I've got, mostly working other people's projects. Eighteen months ago I bought a 1958 ranch, 1,750 square feet, in a decent school district…
I manage rentals for other people so I see a lot of renovation work, but I've never done this one myself. Everyone in my building's owner group says they're doing a live-in flip a…
This is the question I'd be embarrassed to ask out loud. Everyone talks about the two year rule like it's obvious you'll make it, but what if I get 18 months in and I genuinely ca…
I'll lay this out step by step in case someone else is where I was. I bought a small 1,100 square foot house last year, 189k, needing a kitchen, a bathroom, floors, and paint. Mov…
I'm still sorting out which strategy fits me and the live-in flip keeps coming back because I'm patient and I don't have much capital. But I don't know what I'm legally allowed to…
Sold the live-in flip in September. Twenty-seven months in the house, single filer, and the gain came in over the exclusion, which I honestly didn't plan for when I bought. Number…
I'm on a live-in flip where the scope has grown from a kitchen and two baths into moving a load-bearing wall and redoing the whole panel. Original plan was to pull everything as o…
I've been looking at live-in flip candidates for about two months and the two shortlists I keep making are completely different houses. One is the tired 1960s ranch on a street wh…
Still learning how private money actually moves, and this strategy confuses me on that front. The whole appeal is the exclusion, but the exclusion belongs to the person living the…
Running the two versions of this against each other and they don't converge, so I'll put it to the room. Version A is the standard picture. You buy the ugly house, move in, and do…
We closed on the sale two months ago, so I can finally write this up. House was a 1,650 square foot 1940s two-story in a first-ring suburb, bought at 218k, worst house on a decent…
Working out the sequencing on paper before I commit to anything. Say I buy a house, live in it 24 months, sell, and the gain is around $180k. Single filer, so under the $250k cap,…
Finishing my licensing coursework and the plan is to buy something ugly, live in it for the two years, and sell it myself to skip the listing side of the commission. On a 400k res…
Run a service business, five years in, and I've spent those five years inside other people's renovations without ever owning one. Now there's a 1960s split level near my kids' sch…