First Live-In Flip Completed! How'd I do?

[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!