Where Do I Go From Here?

[Peter Testa]

Hi everybody!

I am trying to get some advice on what my next move should be. Last year in January of 2017 I bought a house in Ruby Hill, Denver for $227,000.

Spent a year doing renovations but now the house in brand new! Reno cost about $25K all on zero interest credit cards.

House is now worth ~$300,000. I am ready for my next move but not sure what it should be! I have all kinds of tools, contractors, and skills I’ve acquired in the last year. I could do a flip like this again in half the time for half the money.

The issue is capital. I still have a good chunk of debt to pay off and am still kind of scared of hard money. I live in this house so renting it out is not an option yet. Should I try wholesaling? Should I partner with someone? Should I become a project manager for other investors?

Would love some direction from you guys. Thanks!

[Account Closed]

Originally posted by @Peter Testa:

Hi everybody!

I am trying to get some advice on what my next move should be. Last year in January of 2017 I bought a house in Ruby Hill, Denver for $227,000.

Spent a year doing renovations but now the house in brand new! Reno cost about $25K all on zero interest credit cards.

House is now worth ~$300,000. I am ready for my next move but not sure what it should be! I have all kinds of tools, contractors, and skills I’ve acquired in the last year. I could do a flip like this again in half the time for half the money.

The issue is capital. I still have a good chunk of debt to pay off and am still kind of scared of hard money. I live in this house so renting it out is not an option yet. Should I try wholesaling? Should I partner with someone? Should I become a project manager for other investors?

Would love some direction from you guys. Thanks!

 Sell the house and use the proceeds for the next two houses.