Updated 12 months ago on . Most recent reply
Live & Flip
Investment Info:
Condo other investment.
Purchase price: $400,000
Cash invested: $20,000
Sale price: $620,000
Bought near a private university with the plan to live in it before renting it out. After two years of occupancy, qualifying for the tax exemption, and benefiting from appreciation, we chose to sell and reinvest the funds. Additionally, we rented out a room for one year.