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Updated almost 2 years ago on . Most recent reply
![Eric Martin's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1082982/1671318312-avatar-ericjmartin.jpg?twic=v1/output=image/crop=797x797@0x0/cover=128x128&v=2)
First Live-In Flip Completed! How'd I do?
I'm excited to share the before and after photos of my latest real estate flip! I purchased the property off-market from my employer, Rapid Fire Investments (a regional wholesaling company) at a discounted price of just under $112,000 and put roughly $60,000 into renovations. The final product turned out great and I am now proudly living in my own little slice of paradise.
The best part?
The property appraised for $220,000, and I'll be able to benefit from IRC 121 when it comes time to sell. This allows homeowners to exclude up to $250,000 ($500,000 for married couples filing jointly) of capital gains on the sale of their primary residence. It's a huge win for me and just another reason why I love investing in real estate!
![](https://bpimg.twic.pics/no_overlay/uploads/uploaded_images/1671397833-before_-kitchen.png?twic=v1/output=image/quality=55/contain=800x800)
![](https://bpimg.twic.pics/no_overlay/uploads/uploaded_images/1671397834-after_-kitchen.png?twic=v1/output=image/quality=55/contain=800x800)
![](https://bpimg.twic.pics/no_overlay/uploads/uploaded_images/1671397835-after.png?twic=v1/output=image/quality=55/contain=800x800)
![](https://bpimg.twic.pics/no_overlay/uploads/uploaded_images/1671397835-before..png?twic=v1/output=image/quality=55/contain=800x800)
Most Popular Reply
![Luka Milicevic's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/377578/1622644770-avatar-luka.jpg?twic=v1/output=image/crop=576x576@0x0/cover=128x128&v=2)
Quote from @Eric Martin:
I'm excited to share the before and after photos of my latest real estate flip! I purchased the property off-market from my employer, Rapid Fire Investments (a regional wholesaling company) at a discounted price of just under $112,000 and put roughly $60,000 into renovations. The final product turned out great and I am now proudly living in my own little slice of paradise.
The best part?
The property appraised for $220,000, and I'll be able to benefit from IRC 121 when it comes time to sell. This allows homeowners to exclude up to $250,000 ($500,000 for married couples filing jointly) of capital gains on the sale of their primary residence. It's a huge win for me and just another reason why I love investing in real estate!
![](https://bpimg.twic.pics/no_overlay/uploads/uploaded_images/1671397833-before_-kitchen.png?twic=v1/output=image/quality=55/contain=800x800)
![](https://bpimg.twic.pics/no_overlay/uploads/uploaded_images/1671397834-after_-kitchen.png?twic=v1/output=image/quality=55/contain=800x800)
![](https://bpimg.twic.pics/no_overlay/uploads/uploaded_images/1671397835-after.png?twic=v1/output=image/quality=55/contain=800x800)
![](https://bpimg.twic.pics/no_overlay/uploads/uploaded_images/1671397835-before..png?twic=v1/output=image/quality=55/contain=800x800)
Very nice work. I like the updated layout in the kitchen it works much better than what you had before. I like the wooden beams you have out front too. Makes the house look so much better
I would beef up the landscaping in the front of the house to improve curb appeal
- Luka Milicevic
![business profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/marketplace/business/profile_image/1572/1720622980-company-avatar.jpg?twic=v1/output=image/contain=65x65)