I have 450k in home equity. Needing advice.

[Colton Lucas]

Hey guys, I am 23 years old, engaged to my fiancé who is also 23. We recently bought a home for 250k and it was appraised for little over 700k. We have a detached 2 bedroom fully finshed guest Casita we are planning to AirBnB, but we have all this equity (450k) and no idea what to do with it. We obviously know we MUST invest to capitalise on it. We fear that we have an amazing opertunity that will be wasted because of current inflation and uncertainty in the market. We could be wrong. We do not have mentors. We have been thinking about an 8-plex commercial building. Please help. Advice would be so greatly appreciated. Also, I sell solar as a 10-99 contractor and on track to make pre-tax 100-150k/year but it's looking to be on track to see 200k. Less than a full year so far.

A life time of thank yous'

Sincerely,

Colton & Kaitlyn Lucas

[Nate Ramos]

Hi @Colton Lucas 450K in equity at that age is unbelievable, congratulations to you guys! I suggest listening to the Bigger Pockets Real Estate Podcast episode 570. I just listened to this last night and David Greene answers several questions throughout the episode, one being what to do when you have a massive amount of equity in your house and the best way to analyze your situation and then capitalize on it. I would take a listen, see what he has to say and take what you can to apply it to your situation. Good luck!