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Updated over 7 years ago,
Brrrr and refinance or fix and flip
Alright folks! I wanted to pick some of your experienced brains as far as my next step. Last year my wife and I purchased a tax default SFH for 75K in our hometown, put 45k into it and sold for 174k It worked out pretty good for our first deal. I did most/all of the work and I learned a great deal about what to sub out and what to tackle myself.
I also learned that flips are time consuming and don't build long term wealth. I've been looking into some properties to BRRRR, but I'm nervous about being a landlord.
We have about 100k in an equity line on our current home that we're willing to use to finance things. What are your thoughts on the best avenue to venture down using that 100k I think I have a pretty good idea already, but I really wanted to hear your thoughts.
Thanks in advance.