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Updated over 4 years ago,

User Stats

25
Posts
9
Votes
Jing Chai
9
Votes |
25
Posts

What to do with your primary California house that has $1M equity

Jing Chai
Posted

I was fortunately enough to be gifted a house back by my parents and now there is over $1M in equity in the house that's in the SF Bay Area. On Redfin it's about $1.35M and there's $245k of loan on it. 

Because of COVID, I am unemployed at the moment but still have substantial savings where I can make the mortgage payment by doing short term rentals. 

I don't plan to be in California in the long term and wanted to sell this house and use the proceeds to invest out.

If you had a house with $1M in equity, what would you do with that house?

Thanks,

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