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Updated over 4 years ago,
Selling house and don't know what to do with my equity
I am closing on selling my first home in Las Vegas in a week. My plan is to rent for a year and buy again. I have a roomate that will split rent and help me save money for a year.
In the mean time I will inquire about 15-19k from selling my house now.
I want to invest it back in real estate for when I buy another home with it but I don't know what I want to do. Whether I get a townhome or condo which is in my price range. But I want to invest my money and try to get in the game or renting out houses eventually.
What should I do with this fresh start of 19k for a newbie wanting to pursue building a portfolio and renting over time?
Any advice is welcomed!