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Updated almost 3 years ago on . Most recent reply

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16
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8
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Dan Porter
  • Erie, PA
8
Votes |
16
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I need opinions please, fairly new investor

Dan Porter
  • Erie, PA
Posted

Hello BP community, 

This is my first post on BP so my apologies if I over explain. I purchased a 5 bedroom home my sophomore year of college, house hacked it through school and also fixed it up. I just graduated and am ready to move out of it. I have roughly 100k in equity. Should I:

A: Sell it to get the equity out and reinvest in multi family, or STR.

B: Keep it as an STR and do a HELOC. I am unsure of this option as I used BPs Airbnb revenue estimator and it calculated I could make 75k gross revenue. Can anyone attest to the accuracy of airdna and the BP Air BNB tool?

Any suggestions are greatly appreciated!

Most Popular Reply

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9,861
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5,558
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Eliott Elias
  • Investor
  • Austin, TX
5,558
Votes |
9,861
Posts
Eliott Elias
  • Investor
  • Austin, TX
Replied

Keep it. You want to build wealth, not instant gratification. This is a long game and in 5 years you'll have 300k in equity 

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