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Updated about 8 years ago on . Most recent reply

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Brooke Hatfield
  • Walled Lake, MI
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New and looking for guidance!

Brooke Hatfield
  • Walled Lake, MI
Posted

Hello all! I am looking for recommendations for a real estate agent who knows the in's and out's of flipping, also someone who preferably knows the different loan types. I am looking to buy my first house within the next few months and need some guidance as to how to determine if a house is worth the investment or not. The catch is, since this is my first flip, I want it to be my primary residence for about a year or so once I'm done with the flip and be upright on it when I decide to sell. If you have any recommendations for agents that work in the oakland/macomb/wayne county area please let me know, it would be a huge help! Thanks. 

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Jeff Wallenius
  • Specialist
  • Indianapolis, IN
352
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Jeff Wallenius
  • Specialist
  • Indianapolis, IN
Replied

Brooke Hatfield if your going to live in the flip, stay for two years and avoid any capital gains (up to $250k if single or $500k if married). This is a great way to build your initial capital.

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