Live-in Flip Frustrations

[Barry Jenkins]

Hey there! I’m thinking about creating some helpful content on how to make money with a live-in flip (moving into a fixer-upper while you update it.) When it comes to a live-in flip, what is your biggest frustration? Just leave a comment below. I’ll read every one. Thanks so much in advance.

[Will Barnard]

In my humble opinion, live in flips are not a good idea. It slows down the rehab process, you expose you and your family to unhealthy conditions, and in the end, your profits tend to be reduced due to the extended holding periods. 

Where I have seen them work well is in a quasi house hack/long term flip where you move in and update room by room over a n extended period of time during a market increase. As an example, bought in 2011 and rehabbed over next 2 years, then sold and bought another, rinse and repeat.