What would you do in this situation ?
How’s it going ladies and gentleman. I want to know what you guys would do in this situation. A year ago almost to the day I purchased my first home (primary residence ). It’s way too big for me and my gf , has a pool and I paid pretty much top dollar
I’ve decided that financial freedom is my goal and I’m going to acquire rental properties in order to do it As soon as I bought the house within a month or two it appraised for 15k more then purchase price however if I sell now for 15k more (which I doubt I can get ). I will be taking a huge hit something around 25k total.
That loss doesn’t sit to well with me , I can make the bills that’s not a problem but I know that if I had a two family or something smaller it would leave a lot more cash to invest in rentals.
How would you guys play this situation ?