Running numbers for a live-in flip

[Andrea Trbovich]

I'm a newbie considering buying a live-in flip and I'm wondering if/how to factor mortgage payments into my numbers. Should they even be a consideration (with the assumption that they're affordable for me)?

Currently I'm renting, so I wouldn't be paying rent upon move in.

Any thoughts on this? Thanks in advance!

[Anthony Dooley]

You will pay taxes, insurance, utilities, and mortgage payments on a flip project weather you live in it or not. I would run the numbers the exact same way as I would on a flip that I didn't live in. This is the only way to capture the purchase, rehab, and carrying costs against the gain upon sale. This is a pain to track, but you will be glad when you file taxes.