Updated over 3 years ago on . Most recent reply
To build up cash or to build up equity
As of July 7th, I am now a homeowner!
I would appreciate everyone's opinion here. I have short-term rental arbitrages and this new house will be my 10th STR. I purchased the property for what it appraised for so it has no equity.
My question is, should I take a chunk of my profits from the STRs and build up enough equity that I can eventually take out to buy the next property or should I take a chunk of my profits and set it aside to where I have enough to purchase the next property. Thanks!