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Updated 10 months ago, 02/06/2024
I’m in desperate need of experienced investor advice!
I bought a home in Norfolk VA in September 2021. I lived there for 3 weeks and then had to move back to Fredericksburg VA for a multitude of family issues. Since December of 2021, it's been rented out consistently. The home was bought from a flipper who did a horrible job. He essentially put lipstick on a pig. I've already put a few thousand into repairs and today I got an email from my PM with a quote of 16k because the entire roof needs repaired. If I sell the house. I don't have the money to fix the roof. I'm looking at selling the house and using the proceeds to fix the roof. I'll pretty much break even at that point. My investing goals are to have a nest egg for retirement. I'm 25 currently and I'm in serious need of expert advice. Thank you.
Kyle Johnson