Sell My Current Home To Use Towards Flipping

[Nicole Ryan]

My husband and I have lived in our home for 10 years and would net over 100K when all is said and done if we sold our home. We are at an impass and wondering if we should sell and start flipping or get a HELOC. We would have more options if we sold and had cash (we would have more cash). Has anyone done this? If so, what are the pros and cons? We would need a flip to live in which we plan on doing. Thanks, we are new.

[Mike Dymski]

If you are up for living in a construction site, a live in flip is a great idea.  Do that every few years, and you can accumulate wealth without rentals and tax free.  @Mindy Jensenhas done it a bunch of times.  I have done it twice.