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Updated about 2 years ago,
Wanting to sell!!! How do I use my equity for my first investment? Should I?
Long story short... I'm a brand new Real Estate Agent and brand new to the investment world. I want to sell my house that has about $200,000 in equity but will need maybe $50,000 to remodel. I haven't done an estimate on that yet. Thinking of downsizing into an RV and put that on my father in law's land. Thinking $50,000 for the RV. Say 100,000 left to invest but how? 1031? House hack? I don't want to pay taxes on the $200,000 and want to invest. Ideas???????????
Super new to it all and I don't have a team except my family being able to remodel or build. (They do it all! AC, Electric, Plumbing, etc...) Wanting to use their business with mine.
Any advise will be greatly appreciated!!!