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Updated over 2 years ago on . Most recent reply

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17
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14
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Cal Martin
  • Real Estate Agent
  • Moscow, ID
14
Votes |
17
Posts

About to be $80,000 liquid, What should I do?

Cal Martin
  • Real Estate Agent
  • Moscow, ID
Posted

I am an experienced investor and agent. I just want to get other's opinion on what they would do in my shoes. Currently renting, but flipped a mobile home and netted $65k and flipped a second MH and am pulling in $12k. Average small multifamily in the area 400-500k and won't cash flow fully rented with LTR.

My plan: FHA househack with cosmetic value add, take remainder and invest out of state

Thoughts?

Most Popular Reply

User Stats

680
Posts
280
Votes
Nicholas Coulter
  • Real Estate Agent
  • Southern California
280
Votes |
680
Posts
Nicholas Coulter
  • Real Estate Agent
  • Southern California
Replied

I would combine the HH and Live in flip @Cal Martin.

Live for cheap with the house hack in the property and then when you are done with the flip aspect stay as a primary residence for 2 years while you build up an out of state portfolio. Then after 2 years of it being your primary residence you can sell and collect the profits tax free up to 250k or 500k if married!

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