I made a bunch of threads over the last six months regarding selling my home. It needed a ton of work and I needed roommates to float it. One in the extra bedroom and one in the living room with dividers to make it comfortable.I sold the home, it was worth maybe 150k fixed up but had foundation settling and needed 15-20k of work realistically. I had a plan to liquidate all my investments and do some basic repairs, get the roommates and go to trade school which would have netted me a few hundred a month. Fully fixed up, I'd have around 20-30k equity. I had an offer for a good exit though and I took it. But now renting, even though it's cheaper to rent a room at a house with some people, seems to be subjecting me to a massive psychological reset and it's taken me weeks to get even close to fully functional. I had been slipping into depression and despair at the home so this might be a hangover from that.But, I guess what I'm wondering is from a business standpoint, did I mess up by selling? Is real estate necessary to build wealth, psychologically? What stops me from succeeding in my career if I simply live with roommates? And how would it be different living as a roommate in my own home versus somewhere else?
living with roommates is a nightmare, yeah. What exactly were you expecting? And what about the profit from the house sale? Where did it go? Why are you having to subject yourself to renting with roommates? Cant you buy a trailer a small 1 BR apartment or rent a tiny apartment or something? That would be better than having a bigger place with roomates. Honestly being homeless with a nice tent might be better
>>61952813Well the home was worth 130-150k but with foundation settling (stabilized with piers but still angled to some degree) and the rest of the repairs, and 100k owed plus fees I paid to sell, I had about 15-20k after the sale. I figured having tenant roommates would suck and living with other people would suck. I sort of wish I'd given the townhome thing a chance but if I had an even worse burnout from stress I'd have to evict people before selling. Especially if I was working union electrician jobs, I would be fucked in many ways without having first reset. So I don't know, now that I'm here it sucks. If I save and invest, in a few years I'd probably have enough of a down payment to get something like I just had, but without the repairs needed.
>>61952813Oh and I still have the liquid funds but I'm waiting for BTC to drop more before doing anything. I've just been buying small amounts of bonds and ETFs, and some PMs
>>61952790If I was yourselfGet landPlanning permission Build a plotGo from there
