What should I do moving forward?

[James Robert]

Hey guys - looking for some advice on how to invest my current cash.

I am a Realtor in Cincinnati so I can purchase homes and take commissions on them for free minus paying the buyers agent, please keep this in mind when reading. I have 20k in savings, I own a house which I paid 186k for, I have done numerous updates and I could probably sell for 240. I bought this house 7 months ago. I don’t really want to rent it because it’s very old and a little sloped as most houses 115 years old are. I don’t know how much worse the sloping will get over time so I’d rather offload it sooner than later. However, it would rent for 1900 and my mortgage is 1100. Should I keep stacking cash, wait until my 1 year mark on this house, sell it and buy a new primary? What strategy would you do given my situation wanting to be a RE investor. (I really wanna do air bnb too)

Let me know! Thanks!

[Caleb Brown]

I'd hold it. Rent it out. Verify rent from a PM. Find another house hack and do the same thing. Do that 2-3 times and you'll have a great start. Then you could go more creative on the financing. You could also do a HELOC with the equity you have