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Updated almost 9 years ago,
Have 230k-300K in equity, moving, what to do?
We we are moving, from Indianapolis to Asheville.
Where we are:
1. I have a good job that make 3-6k month.
2. My wife has a business that makes 1.5-3k month.
3. 4 month old.
4. I know lots of people who would loan money, for a good deal.
5. ~$270K in total equity.
6. Must buy a house in Asheville this year.
Goals:
1. Financial freedom. I would prefer to work only on my real estate investment.
2. Travel without limit.
3. Financial stability for my family.
What I'm thinking:
1. BRRR in Asheville for a multifalily, a la @Brandon Turner
a) Direct mail, I did it for a previous business and it worked well.
2. Standard mortgage duplexes in Indy
a) I have a lot of contacts there and plant to go back often.
b) The MLS has many $145-190k duplexes that rent for $900-1000 a side.
What do you guys think I should do?