Flipping Houses via the Live-in Flip: Pros and Cons

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Typically, there are two options when taking the real estate investor path: flipping houses or buy-and-hold rentals.

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Everyone needs a place to live. Someone who becomes a homeowner instead of a renter technically also becomes a real estate investor.

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Flipping Houses via the Live-In Flip

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Whether you decide to move every few years or live there for ten years before upgrading to your dream home, these are the pros and cons.

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Lower Mortgage Interest Rates and Down Payment

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No Income Tax Due When You Sell

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Section 121 of the tax code says that if you live in a property for two of the last five years before selling your home,

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You would be exempt from paying any taxes on the increased price compared to the purchase price.

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

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