I‘m in need of a new strategy !

[Gabriel Fairman]

I purchased a home in the Los Angeles area of Lake Balboa, which I planed to do a “live-in flip”. I’m in the military so I knew I would be moving in a few years after buying. I’ve done a few projects (nothing major). I purchased the home for $465,000. Houses in the surrounding area sell between $600,000-$800,000. Now that it’s getting close to the time for me to leave, I’m rethinking my strategy. Lately I’ve been entertaining the idea of partnering with someone who has experience flipping houses.

Since I already own the home I figure we could split the profit from the sell or from the refinance. Any suggestions?

[Jay Hinrichs]

Originally posted by @Gabriel Fairman:

@Jay Hinrichs I will have been in there 2 years in a few months. I've also considered that as well. Due to the fact I used a VA Lon so I didn't have to put anything down.

 ya then hands down just sell and take your profit TAX free is what I would do.. other options have different risk profiles..