Newbie Question

[Joshua Adams]

For the past 3 years I'll be living in my decreased grandparents house paying the mortgage. This past May, I became the personal rep of their estate which allow me to put the deed in my name. There's $46K still owned on the house but when I checked the value of the house thru "Zillow" their website estimated that the house is worth 86K. So my questions are as a want to be investor, what would be the best strategy to use to catapult my investing career?( Buy & Hold or Buy Fix & Flip- the house needs to be updated) and what route should I go to pull the equity from the house? (Bank, Hard, or Private loan)

Thanks,

Josh

[Shamus Quirk]

Hey Josh, 

Welcome to the site!  If it were me, I would consider @Brandon Turner's BRRRR Method. Buy, rehab, rent, refinance, repeat. In this case you already own the house, so you could rehab and live there or house hack and rent out a room or two to some friends, refinance with a bank to get a credit line on the equity in the house and then put that money towards another BRRRR and keep going!

Best of luck to you!  Let us know what you decide to do.