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Real Estate

Live-In Flip (§121 Exclusion)

Renovate while living in, sell tax-free every 2 years.

Overview

Buy a distressed home, live in it as primary residence while renovating, sell after 2 years. §121 excludes up to $250k ($500k married) of capital gains — fully tax-free. Repeat indefinitely. A skilled DIY renovator can bank $100–200k tax-free every 2 years starting with FHA 3.5% down.

Best fit
Handy DIY renovatorsYoung couplesZero-tax income seekers
Estimated impact
$250–500k tax-free every 2 years

Click Generate advisory deep dive for mechanics, IRC citations, a step-by-step execution plan, a worked numeric example on your profile, costs, risks, and this-week actions.

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