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 followFinished 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 (…
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…
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…
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…
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…
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…