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All Forum Posts by: Sam August

Sam August has started 1 posts and replied 1 times.

Starting Out

Post: Unemployed, no debt, house worth 1.3 million

Sam AugustPosted
  • New to Real Estate
  • Budapest, Hungary
  • Posts 1
  • Votes 0

Hi, I’m in an unusual situation. I cashed out of crypto to buy the house of my dreams. The problem is I sacrificed my retirement money to do so.

Ive been unemployed for 5 years and want to avoid going back to work. I absolutely love real estate and interior design. Given that I have no debt and own a house worth 1.3 million, what are some approaches to leveraging my house with a HELOC to obtain cash flow to avoid employment? Ideally I want to make 60k - 100k a year as soon as possible to continue the lifestyle I'm accustomed to.

One constraint is that I don’t want to house hack. I want to stay in my house without bringing on any tenants.


Thank you!

0 Votes
Chandler, Arizona