Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
What to do with your primary California house that has $1M equity
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,