Fix and Flip on Primary Residence = No Capital Gains Tax

[Caleb Bolen]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $635,000
Cash invested: $35,000
Sale price: $882,500

I picked this house up after it fell through escrow 6 times. Improvements included foundation stabilization and house lift in corner ~1.75", complete landscaping overhaul, 1 complete, 1 major and 2 minor bathroom remodels. Full painting throughout interior and exterior. Updated styling throughout.