Selling primary residence to house hack
Hi I’m new to this would appreciate some opinions on my plan to get out of debt plus get into real estate in one swoop. I’d like to try to sell my primary residence pay my debts fully and get into house hacking duplexes and such. It’s under seller financed contract 8 year term bought in the beginning of 2020 already asked if I could sell they said they just want their money I can do whatever. The house isn’t perfect will need a new roof. It’s a 2 bed 1 bath will need to sell at 96k. that’s including what I’d need to pay the remaining amount of mortgage closing cost and realtor but I have no idea how any of that works looking up anything on realtor related thing just takes me on a big advertisement adventure
- Investor
- Austin, TX
- 5,507
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- 9,861
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Hire a realtor, ask them what kind of repairs are needed to bring up to top market value. He or she will list it and get you your money
Quote from @Eliott Elias:
Hire a realtor, ask them what kind of repairs are needed to bring up to top market value. He or she will list it and get you your money
Thank you for the reply and advice
Quote from @Eddie Rodriguez:
I agree with Eliott. Hire a REALTOR to help you market and sell it. At the same time, learn how to househack and start shopping for your next investment.
Quote from @Nathan Gesner:
Quote from @Eddie Rodriguez:
I agree with Eliott. Hire a REALTOR to help you market and sell it. At the same time, learn how to househack and start shopping for your next investment.
Thank you for the reply
- Lender
- Youngstown, OH
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Why can't you house hack your current primary? You don't have to have a MFH to house hack. I did it in a SFH for 3 years.
Quote from @Nicole Heasley Beitenman:Didn’t know that was possible would it technically be a refinance? I’d like to try to get some money back to either pay off debt or if I’m going to have to live in to to reinvest back into the property. Can you explain a little more the process.
Why can't you house hack your current primary? You don't have to have a MFH to house hack. I did it in a SFH for 3 years.