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Updated over 2 years ago on . Most recent reply

User Stats

16
Posts
8
Votes
Dan Porter
  • Erie, PA
8
Votes |
16
Posts

I need opinions please, fairly new investor

Dan Porter
  • Erie, PA
Posted

Hello BP community, 

This is my first post on BP so my apologies if I over explain. I purchased a 5 bedroom home my sophomore year of college, house hacked it through school and also fixed it up. I just graduated and am ready to move out of it. I have roughly 100k in equity. Should I:

A: Sell it to get the equity out and reinvest in multi family, or STR.

B: Keep it as an STR and do a HELOC. I am unsure of this option as I used BPs Airbnb revenue estimator and it calculated I could make 75k gross revenue. Can anyone attest to the accuracy of airdna and the BP Air BNB tool?

Any suggestions are greatly appreciated!

Most Popular Reply

User Stats

9,861
Posts
5,552
Votes
Eliott Elias
  • Investor
  • Austin, TX
5,552
Votes |
9,861
Posts
Eliott Elias
  • Investor
  • Austin, TX
Replied

Keep it. You want to build wealth, not instant gratification. This is a long game and in 5 years you'll have 300k in equity 

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