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…
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…
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…
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…
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 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…
I'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 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'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…
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…
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…