All Forum Posts by: Jay Warner
Jay Warner has started 2 posts and replied 2 times.
Hello!
I'm new to the real estate investing world, in fact I haven't yet made my first purchase. Due to work contracts, my family and I are planning to sell our home and move to Europe for a few years. Due to this change, I anticipate having a significant amount of equity from selling our home here in the US that I would like to start BRRRRing with.
My question, is this feasible? I understand that there will be challenges regarding being away from these investment properties to begin with, but fundamentally is it feasible to be able to refinance if I don't live in the US for these deals?
Thanks for the insight!!
Post: Relocating outside the US - Sell or Rent?
- Posts 2
- Votes 2
Career moves are moving my family to Europe for a few years. We purchased our home in 2019 and have an estimate ~$150,000 in equity in the home today. Based upon current rent estimates from local PMs we could expect around $1k per month cash flow if we were to rent the home.
No one can see into the future, my concern is whether or not I should risk losing the equity in the home ($475k single family home) if there is a recession or housing downturn during these years.
Ideally I planned to utilize the equity to begin my investor journey, so cashing out now could secure this but we would obviously no longer own the asset.
Any advice?