Why Live-In-Flips May Be the Best Way to Invest in Real Estate with Carl and Mindy Jensen
The Personal Finance Podcast
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What Is a Living Flip?
A living flip is when you buy a house and move into it, but it isn't perfect. You can live there for two years in a row to avoid paying taxes on your gain. The IRS tax code says that up to $250,000 if you're single and up to $500,000 ifYou're married. Carl: "I have a new goal to pay taxes on my gain"
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