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Updated about 18 years ago, 11/26/2006
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