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Rehabbing & House Flipping

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Melissa Ewbank
  • Real Estate Agent
  • Oakland, CA
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28
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Live in your first flip, yea or nay?

Melissa Ewbank
  • Real Estate Agent
  • Oakland, CA
Posted May 22 2015, 10:19

Interested to hear what some experienced flippers would say about living in your first flip.  Yes?  No? 

I'm looking at a potential REO property as my first flip, however the bank has a requirement that the new owners live in the property for a min. of one year after purchase. There is a ton of upside on the property but wondered if I would be better served trying to do a couple flips in the year to hopefully net the same profit.

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