All Forum Posts by: Levi Eubanks

Congrats on the FAANG job, I hear those are hard and rewarding. With the career you have in front of you, and how much time that job demands, you might consider the later option you mentioned: House hacking. Could be a great way to dip your toes into property management with the least demand on your time and energy. Build some solid equity in an expensive market, while letting a tenant carry a big piece of the burden of cost. If you love it, get into STR. If you don't, you have the option to sell, buy a different home, and focus on your ETFs/FAANG stocks. Win/win

Thank you all! This has been valuable to read each of your different approaches and thoughts on the strategy. We've got some homework to do but it sounds like a real possibility with pros and cons on each side.

@Aaron Bress you're right. That's a consideration, for sure. The real decision point is if we HELOC, we're paying interest, but if we sell, we're missing out on appreciation.

Totally, if their plan was to owner-occupy. My dream scenario would be to sell to an investor that wanted to have it in their SFH portfolio moving forward.

I'm trying to do something a bit unconventional.

I'd like to sell my house to an investor now, then rent if from them for about a year (give or take a month or two). We're currently building a house and can float both, but I would love to get access to the equity in my current residence sooner than next year when our new home will be finished. HELOC is an option, but I would prefer to sell to an investor and keep occupancy while renting from them.

Has anyone done this? Are there any cons that I'm not thinking of? 

I think of it about like a HELOC but also a hedge against if the market turns in the meantime. Not likely to happen, but just a hedge. Thanks!