A live-in flip, unlike a traditional flip, is when you rehab the home to increase its market value while living there.
Related stories"One thing that we have always focused on is finding that dumpy house in the great neighborhood," said Mindy.
For example, the Jensens' current live-in flip has a pool.
"So no one wanted this house, but it's in a great neighborhood, and it would be very easy to get rid of the pool."
Do a 'live-in flip' to avoid capital gains taxThe Jensens prefer 'live-in flips' to traditional flips because it lowers their risk.
Persons:
—, Carl, Mindy Jensen, they've, they're, Mindy, There's, Carl Jensen, We're, flipper
Organizations:
Service, Business, YouTube
Locations:
The Colorado, Colorado