Live-In Flip with Family
All,
I've been discussing with my wife the possibility of a live-in flip to start our investing career. We have 2 kids, ages 2 years and 10 months. We are both a bit hesitant to have a mess around the house with kids that need our attention. My thought was to get an easy-moderate fix without major repairs. If there were major repairs, we'd hire that out to get it done and then move in to do other improvements to the house.
I'm sure many of you have done this before, and I was hoping to get some feedback on your thoughts of a live-in flip with kids. Would anyone have any input they'd be willing to share?
If you need more information, please let me know!
Thanks,
Travis
Most Popular Reply
Hi Travis
Why not look for a multiplex - duplex, triplex, whatever. It might be tough being under construction with little ones, and the additional time necessary would add to your 'holding costs'. But you'd have the best of both worlds with a multiplex. Renovate one suite and move into it then renovate another etc