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 followPlanning my first purchase and I'm looking at small-town properties in the $85,000 to $110,000 range. If I buy at $95,000, put $25,000 in and it's worth $150,000 after, my gain is…
Finished and closed a 24-month live-in flip in a mid-size midwest metro, and then I did the accounting I'd been avoiding. Headline version: bought 195k, spent 61k over two years (…
Reading the language on the exclusion and it says two of the last five years, which reads to me as cumulative rather than continuous. But every article I find writes it as "live t…
Two years and one month in the house. Bought at $268k, roughly $74k of work, basis call it $350k with closing costs. Comps are $470k. Married filing jointly, so the gain sits well…
I do fast stuff normally. Buy, fix in ninety days, sell, thin margin, do it again. Two years ago I got tired of paying tax on all of it and bought a house to live in instead. 1,32…
Documents and structure are more my thing than swinging a hammer, so I want to understand the money before I look at a single house. What's the realistic minimum to start a live-i…
Three deals in, and the ceiling I keep hitting is how many I can run at once. So I've been looking at a live-in flip as a way to get one project working for me on a different cloc…
Something odd came up when I was walking a place last week. The listing agent asked me what my plans were, and I said I'd be living in it and fixing it up over a couple of years.…
Five years in with my service business and my office has been a bedroom in this house the whole time. Roughly 12 percent of the square footage, and my accountant has been taking d…
14 months into the current one. 1,100 sq ft bungalow, bought at $228k, about $41k in so far, and the remaining work is exterior and one bathroom. Comps say $340k finished. My wife…
I'm planning the first purchase carefully and this is the decision I keep stalling on, before I've even picked a house. On a live-in flip you're the one living with the choices, w…
Twenty-two months of savings is the whole renovation budget on the place I'm circling, which means the work happens at the speed my paycheck allows. That's the live-in flip pitch…
Been reading notes for a year and this is the first time the paper is mine, and of course it's the paper that's the problem. House is a 1,650 sq ft two story in a first ring subur…
Curious about the service side of this and this keeps coming up when I talk to people. If you buy a house that's half torn apart and you live in it while you fix it, what policy a…
I want income without taking on a second job, so flipping has never really been my thing. But someone told me a live-in flip is basically the easy version because you're living th…
I'm building a list and haven't bought yet, and this argument keeps coming up with everyone I talk to. Side one says do the kitchen first. You're going to be in the house two year…
I've had a list going since January and one house keeps coming back around. 1974 ranch, 1,450 sq ft, three bed one and a half bath, listed at $289k and sitting 60 days. Original k…
I look at rural stuff mostly, small towns, houses in the 80 to 120 range that need everything. Somebody in a local group told me that if you live in a flip for two years you don't…
Planning my first purchase and a live-in flip looks like the version I can actually stand. Where I keep getting stuck is the loan. The houses I like have no kitchen or a bathroom…
House is a 1,900 sq ft two story I bought 19 months ago for $312k with about $8k in closing costs. I've put $68k into it, receipts kept, mostly kitchen, two baths, windows, and a…