Sell my home or AIR BNB?

2 Replies

Hi everyone, im looking for some advice regarding selling my home and using the equity ($154k after seller cost)  to purchase a duplex or keeping my home and doing AIR- BNB at the same time taking out a hardmoney / private  loan on the property to purchase a live-in flip?

The property is in southern California

any suggestions?

Originally posted by @Samira King :

Hi everyone, im looking for some advice regarding selling my home and using the equity ($154k after seller cost)  to purchase a duplex or keeping my home and doing AIR- BNB at the same time taking out a hardmoney / private  loan on the property to purchase a live-in flip?

The property is in southern California

any suggestions?

 So are you talking about doing a cash out loan on the current house and using money for a flip. Or getting a hard money loan for purchase of a live in flip? You cannot get hard money loans on anything that is owner occupied.