Skip to content
Short-Term & Vacation Rental Discussions

User Stats

51
Posts
15
Votes
Ariel G.
  • Investor
  • Fort Lauderdale
15
Votes |
51
Posts

Sell or not to sell VR with 650k Equity

Ariel G.
  • Investor
  • Fort Lauderdale
Posted May 20 2022, 14:37

Hello BP friends!


On March 2020 I bought a new construction single family home with a accessory unit for 725k I have been house hacking living on the in-law unit. The main house is a 5bed/3.5 bath with a pool and the other unit is a 2/1. Last year the main house grossed an average of $13,500/month and after all expenses I made about 8k month and have been living for free (that also includes my expenses). Based on comps it looks like I could get about $1.3M for the property now. I'm on a strong financial position and I have a 3 figure salary working for a tech company. I did refinance last year, currently I own 645K and have already recouped my initial investment. 

This property has provided great cash-flow and financial freedom if I decide to leave my job. Based on the strong appreciation Im wondering if I should sell and use leverage to acquire more properties. 

What are your thoughts?

Loading replies...