Live in Flip Financing

[Luke Easley]

Live in Flip Question:

I just bought my primary residence in February. It is a1960s house in good shape and livable but cosmetically very outdated with wood paneling, green tile in the bathrooms and old tile and laminate in the kitchen. I bought this house using FHA (not 203k) with the intention to update everything eventually and sell or rent.

I currently Airbnb 2 of the spare rooms and have a set area in the home for my office.

I have an LLC that I use for my rental properties and have high limit credit cards for that business that I use to buy and rehab the properties using BRRRR.

Is it appropriate to use those business credit cards to flip my primary residence and then refinance to conventional? I'll still be living in it and will probably still live in it for a few years after its flipped. I know attorneys say not to mix business and personal funds, so not sure if this falls in that area. Anyone know?