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Updated over 5 years ago,
How and where to invest equity in your home
Good morning BP!
Let me start off by saying I have zero experience in real estate investing, I'm a general contractor by trade so if I had to pick any type of investing the flip or BRRRR seems really interesting... however I'm open to literally any strategy.
As it sits I have $37k in home equity my debt to income ratio is extremely low... currently coming out of pocket to Reno my home, when completed it’s estimated my home will go up in value by the tune of $30k+
My question to the BP community is... what would you do with that amount of equity as a person new to the game? Honestly I’m open to any investment strategy. Thanks!