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Updated over 2 years ago on . Most recent reply
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I need opinions please, fairly new investor
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
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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