@Landon Sheveland People do fix and flips while living into the property to classify the property as primary residence and not pay any capital gain taxes. if that is your intention, don't use LLC to establish this as your LLC.If your goal is different compared to what I said above, you can use LLC.

I am in the process of getting a HELOC on my primary residence at the moment.

Because they were primary residences, we had homesteads on all of them.

If the local market is healthy and rental income will be adequately managed by a property manager, then a long term residence could be used to build equity.

Investment Info:Single-family residence fix & flip investment in Kenmare.

Investment Info:Single-family residence buy & hold investment.

Hi Joe,Using a Home Equity Line of Credit (HELOC) on your primary residence can be a practical and low-cost way to fund flips, especially since the terms you mentioned include only a $200 yearly fee.

Investment Info:Single-family residence buy & hold investment.

You can get into a home for little or even nothing down, perhaps add some value by renovation, then hop to a new primary residence in a year with little or nothing down, and repeat.

It would be a primary residence.