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Updated about 5 years ago,
Im new and need help.
Hi guys Im very knew at this so will need some guidance...
My hubby and I live on his childhood house with our 3 babies ( my husband says is his because he is the one that pays for everything always and his parents dont live there...> i know!!!! the dumbest s... < i always explain that we are just paying rent to his dad since the mortgage is under his nane... and when he dies my hubby will have to share the property with his 7siblings.
He been talking about selling it and move somewhere else and my question will be...
Is it a bad idea to buy it myself with hard money, flip it and rent it and move somewhere else and when i refinance get some of that equity and some money that by then i may have save and buy me a multi-family.
Thanks for you help guys... Can't wait to see the responses.