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Updated about 4 hours ago on . Most recent reply

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1
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0
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Sam August
  • New to Real Estate
  • Budapest, Hungary
0
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1
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Unemployed, no debt, house worth 1.3 million

Sam August
  • New to Real Estate
  • Budapest, Hungary
Posted

Hi, I’m in an unusual situation. I cashed out of crypto to buy the house of my dreams. The problem is I sacrificed my retirement money to do so.

Ive been unemployed for 5 years and want to avoid going back to work. I absolutely love real estate and interior design. Given that I have no debt and own a house worth 1.3 million, what are some approaches to leveraging my house with a HELOC to obtain cash flow to avoid employment? Ideally I want to make 60k - 100k a year as soon as possible to continue the lifestyle I'm accustomed to.

One constraint is that I don’t want to house hack. I want to stay in my house without bringing on any tenants.


Thank you!

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