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Updated about 1 year ago,
What would you do? Sell my primary home (house hack) for bigger projects?
Sorry for the longer question/scenario. I bought my house in May 2020 in Raleigh market for $247,000 with 3% down and about $5,000 in closing costs. Have had roommates periodically and have probably spent less than $3,000 maintaining the house in the past three years. My loan balance is $224,000 and the house would sell for about $375,000, leaving me with around $140,000 after closing costs and paying buying agent commission. Not bad! If I keep my house, I'll just keep househacking.
I quit my job in July 2023 to grow my real estate agent business full time and right now I'm closing around 1 transaction per month, and it feels like I'll be getting to 2 transactions per month next year. I paid off $40,000 in student loans earlier this year which pretty much depleted my savings. I've got a 3 month runway saved up, but I feel like I'm constantly worried about having enough cushion which subconsciously impacts my business decisions. Selling my house would allow me to put a little more to the side for living expenses (~$3,500/month), allow me to invest a little more money into my lead generation strategies for my business, and have more gun powder for future projects. Am I crazy for considering selling? How would you mentally frame this?