what if there was a way to combine the benefits of homeownership and flipping houses?
An individual wanting to purchase an investment property will need to be prepared to pay 20-25% of the purchase price up-front on the home. 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.
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.
As a parent with young children, not going to another home to make updates is appealing. 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.
Flipping houses via a live-in flip is the focus of this post, but that doesn’t mean it has to be your only exit strategy. There are multiple other options that you can consider