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Updated over 18 years ago on . Most recent reply
rehab vs flipping
I am not clear as to the difference between rehabbing and house and flipping one. Could it be that when you flip it is for quick profit and you would do a 1031 vs rehabbing which you would live in it and hold on to a home at lease 2 yrs for capital gains?
Please help clarify for me.
Thank you very much,
Barbara
Most Popular Reply
A lot of people use them interchangeably.
I typically think of "rehabbing" as longer term more substantial improvements whereas "flipping" would be more cosmetic and focused on a quicker turn around.
But that's more for positioning in my own mind. Ultimately they're essentially the same for most people.