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Starting Out

rehab vs flipping

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Posted Aug 3 2008, 10:59

I am not clear as to the difference between rehabbing and house and flipping one. Could it be that when you flip it is for quick profit and you would do a 1031 vs rehabbing which you would live in it and hold on to a home at lease 2 yrs for capital gains?

Please help clarify for me.

Thank you very much,
Barbara

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