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

Venturing into the world of real estate is intimidating. Whether you are making your first purchase of a personal residence or starting a business as a real estate investor, there are many unknowns along the way. 

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

Flipping houses and buy-and-hold investing are both great ways to make money in real estate if you know what you’re doing. However, real estate is not a get-rich-quick scheme and is never as easy as it seems on TV.

Flipping houses requires an investor to find a great deal, fix it up, and then have a resale value higher than the original price plus repair costs. 

Buy-and-hold real estate also requires a great deal, but instead of selling for a more significant one-time profit (or loss), the investor will rent the property to tenants and benefit from monthly cash flow.

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.

Pros of Flipping Houses Via the Live-in Flip

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. 

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