Updated almost 2 years ago on . Most recent reply
Seeking Advice on options....
Hello! this is my first time posting here. We (my wife & I) currently own outright one home which we are renting out. It's a small home (2 bedroom, 1 bath, 960 sq ft), & we are trying to decide on what to do with it. One option is to fix it up & then borrow on the equity sort of BRRR style. I guess since we already own it it would be RRR. The other option is to sell it & use the proceeds of that to purchase another property. It is currently valued at around $90K to $110K. Does anyone here have any other advice as to what to do with it in order to jumpstart our real estate portfolio? We are renting it out for $800 a month.