Is the decision I want to make too risky?

[Abigail Kilgore]

Hi there!

So my gut says I’m making the right decision, so does the math but man my heart strings are making it hard to pull the trigger.

I have a duplex in downtown Orlando that I bought three years ago. I live and Airbnb on one side and I work on the other.

For about 6 years now I have wanted to go into real estate. My current job(hairstylist) has prevented me of doing that because of clients and how they’ll react. I’ve honestly been ready to leave hair for a couple years now. As most jobs though if you aren’t working you aren’t making money.

This is where I’m at. I have a chance to make a very good amount of money off of this house. Enough to where I could live for probably a year fully immersing my self in real estate. I would be able to move to south Florida where my family and boyfriend are as well.

With the sale of this house I could also be 100% debt free. I know most investors want to hold but man to have the opportunity to change careers and cities debt free with income to live on seems like the right thing to do.

[Chris Szepessy]

Unless you plan to reinvest at least some of the profit from the sale of your current home, you'll be back to cutting hair in the next year or so when your funds dry up. It seems as though you just don't like your job anymore, which is common with a lot of people. Have you thought about renting both sides of your current duplex long term and getting a good PM and then move south to be with your bf and family? You could also take out a HELOC or refinance it and take the extra cash and pay off debt and invest the rest. BRRRR method could probably work well for you as well.