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I did my first single family home investment. What next?
Ciao BP family
I have purchased 2 years ago my first single family home. I purchased it for $485k FHA and my current balance is $458k. I've invested approximately $20k converting the garage to an in-law.
My monthly costs are $3,300/month and I take home approximately $600/month.
I believe my house is now work approximately $600-$620k (checked comps online).
I don't know what should be my next steps. Unfortunately I don't have much left over cash. I feel stuck. Since I have a loan under my name and I'm not able to put 20% on another loan. What do you suggest?
Should I sell? Should I refi?