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

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

Your residence may not be a good investment, especially when purchased at retail price. However, what if there was a way to combine the benefits of homeownership and flipping houses? 

We'll consider the pros and cons of flipping houses via the live-in flip. Whether you decide to move every few years or live there for ten years before upgrading to your dream home, these are the pros:

Lower Mortgage Interest Rates and Down Payment

Federal Housing Administration (FHA) loans allow a homebuyer to purchase a home with as low as a 3.5% down payment. 

Regardless of your budget, you'll want to have an additional 50% in emergency savings for unexpected costs because there will almost certainly be unexpected costs. 

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. 


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