Flipping Houses Via The Live-in Flip: Pros And Cons

Flipping houses and buy-and-hold investing are both great ways to make money in real estate if you know what you’re doing.

Therefore, you’ll be able to take advantage of a lower down payment and a lower rate by purchasing a live-in flip as a primary residence.

Pros of Flipping Houses Via the Live-in Flip

No Income Tax Due When You Sell

Not paying capital gains tax when you’re ready to sell your home may be the most significant advantage of flipping houses via the live-in flip.

I know that many people hire out the work to flip a house, but if you’re somewhat handy, there’s plenty of sweat equity work you can do yourself.

You Don’t Have to Leave Your Home to Make Updates

Multiple Exit Strategies

In the end, you might decide this home would make a great rental property once you have it fixed up and are ready to move out.

Cons of Flipping Houses Via the Live-in Flip

As lovely as it may be to do your work without leaving the house, it also means your home will be a construction zone.

You May Have to Move Often

If live-in flips become a regular thing, then you may find yourself moving often. You’ll want to consider the impact that will have on your life.

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Money Saved Is Money Earned!