Updated almost 4 years ago on . Most recent reply
Should I sell a long term rental to purchase a short term rental?
I want to start purchasing short term rentals and have a long term rental right now. It has a lot of equity in it and if I sold it would give me the funds to start to invest in a short term rental in a better area and hopefully start growing my investment properties. Should I hold on to that property? Or sell it? I thought about holding on to it and pay it off so it is retirement income. Thank you for your input:)
Most Popular Reply
Thank you! I was thinking of pulling equity our of my LTR and purchasing a STR:) I really like that idea.