If you've ever watched high-end home flipper Jeff Lewis on his television show Flipping Out, you may find it curious that someone who is such a neat-freak would be willing to live for months on end in a massive construction zone while he renovates his latest flipping project. One possible reason he may be willing to do this is a benefit in the tax code for the sale of a home used as a primary residence...
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There are multiple ways to make money in real estate – two examples being 1) price appreciation, and 2) cash flow. Price appreciation is the buy low, sell high philosophy, and in hot markets gains can be realized relatively quickly.  Multiple factors are involved in this strategy – location, re-development, population growth, road expansions, etc., and it can be a speculative investment.  For a...