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Updated over 4 years ago on . Most recent reply

Tyre Carmon's profile image
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Tyre Carmon
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Tyre Carmon's profile image
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Tyre Carmon
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Tyre Carmon
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41
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General Real Estate Investing

Live in flips real estate investing strategy

Tyre Carmon
Posted

Good evening,

Me and my wife are looking into live in flips and are wondering what are the positives and negatives of this strategy? Also what was your process during your live in flip? All comments are welcome.

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Mike Dymski
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Mike Dymski's profile image
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Mike Dymski
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Mike Dymski
#5 Investor Mindset Contributor
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  • Greenville, SC
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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
Replied

Pros:

  • owner occupant financing
  • can take your time with rehab
  • tax free sale after two years

Cons:

  • living in a construction zone
  • contractors constantly at your residence

I've done two live in flips...it's a great way to kick-start real estate investing.

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