My First "live-in Flip" Step 1 with before and after pics

[Cam Jimmy]

I have completed the beginning stage of my first "live-in flip" here in Anchorage Alaska. We have fixed up a house that we want to live in for 2-5 years, and I am proud to say I am done with the "fix-up" portion! Purchase price was 245k, cash invested to fix up was 60k. All-in at 305k. My estimate was 45k in repairs, and I was waaaay off. I could probably sell this today for 350k. This wasn't my best flip I've done, but at least I learned a ton in the process. I originally said I wasn't going to pay more than 225k, and I should have stuck with my guns... but I got emotional about the house, which is a no-no. Hopefully the market appreciates a little bit in the next couple years to make this flip really worth it. A huge positive note is, I get to live in a brand new house, which is Awesome! The wife is super happy about that. I financed this deal using the same Heloc as my first BRRRR 2 years ago (you can find that post on my page with pics with that one as well). I lived in my old house while fixing this one up, and my old house is getting sold at the moment, so the timing was perfect. After I own this new house for 6 months, I will "cash-out refinance" it and pay the Heloc back, and the its on to the next one.