Sell my home or AIR BNB?
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.
Caleb, thank you for the reply.... cash out loan on the current house and using money for a flip.
