Live-in flipping is a great way to make large amounts of money tax-free. You have to live somewhere, so why not live in a home that wiill help make you rich?In this post, I'll share:How I got started with home flippingMy deals including my numbersMy best tips for live-in flippingLearning How To Get My Hands DirtyI never planned to be a DIY home flipper. I just … [Read more...] about How To Successfully Flip Homes For Fun And Profit!
Today's guest post comes from Leif over at Five Year FIRE Escape. Leif bought a home, but now questions the purchase...Have you heard the sad, sad news that us millennials will be stuck renting forever? I know. How unfair. And here’s some more sad news: If you do own a house, it sucks in retirement. From your math teachers to your parents to the random … [Read more...] about To Rent Or Own: An Odd Tale Of Buyer’s Remorse
Live-in flips are how Mindy and I built the core of our nest egg. The huge advantage of a live-in flip is that unless you're making loads of money, you don't have to pay taxes on the gains. As long as you've lived and owned the home for 2 of the past 5 years, a married couple can make up to $500,000 in profit and pay NO taxes (the limit is $250,000 for the unmarried). And if … [Read more...] about Five Tips For Finding Your Next Frank Lloyd Wrong Home To Flip (with Video)
I never thought that I'd bother with a YouTube channel. Who wants to watch me yammer on? Yikes...But, what better way is there to show a home remodel than with video? So, I started a channel: https://www.youtube.com/1500daysYouTube Channel!The purpose of this YouTube adventure is to document our live-in flip. A live-in flip is where you fix up your primary home. … [Read more...] about Live-In Flip: YouTube Home Tour
We never intended to live on Spruce Avenue when we bought the home in 2012. We planned on fixing up the sad little home and then turning it into a rental. And sad is an understatement:But then, something unexpected happened; we discovered that we liked the street...Letting Loose On SpruceThe first thing we liked about Spruce Avenue was the location. It was a … [Read more...] about Honey, We Bought Another House! (Why We Now Own Two Homes)