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Updated over 2 years ago,
Rookie: Looking for Investment Strategy Suggestions
Looking for some strategy recommendations.
Currently own a home that I owe less than half its value. ~300k, valued at 725k in current market.
My goals are: relocate to another state and buy a new home; buy our first STR; Additionally, id need to find a new W2 gig also.
I'm trying to identify the best order of steps here. My original goal was to use our homes value to get a HELOC to fund the STR down payment. Not sure how any of that would impact selling our current home and buying a new home. Not sure what order this should go in, and does the HELOC need to be paid off to get the new home we'd live in? And when can I change jobs in the middle of all this?
Lot of moving parts. As a new investor I don't want to screw it up. Any advice?