5. Live-in flip
Live in flip means buying and moving into a home, fixing it up, and waiting a few years or more before reselling it for a profit.
According to the IRS rules, you can avoid taxes on the profit up to $250,000 for one person. If you live in flip as a couple, you can avoid taxes on the profit up to $500,000.
6. BRRRR
BRRRR means buy-remodel-rent-refinance-repeat. If done right, BRRRR is a great way to build a rental portfolio without spending all your capital at the beginning of your investment career.
With this strategy, you find a fixer-upper that you can purchase under full value. You then use short-term financing to purchase the property. After it’s fixed up, you refinance with a long-term mortgage.
7. All-cash rental
The all-cash rental plan snowballs rental income for growth. However, rather than using a mortgage, you save up money and purchase a rental property—minus the debt.
Source: mpamag.com