The Hilary Home

December 2017 I closed on my current home in Winter Park, FL. Like my  Altamonte Springs Condo  I bought this house in a great location next to must more expensive real-estate. The area I live in Winter Park is 4 houses and a residential street away from million dollar homes. The house is  a 4/2, 1,737 sf, mid-century modern style. It appeals to many different parties including young families since the schools are some of the best in the area. I bought the house for $285,000 with $5,000 in closing concessions.  As you can see the interior has much to be desired. But what I liked was the opening of the kitchen didn't  seem   to be a large structural renovation (it's just beyond that small bump out in the picture above), there were high ceilings in the living/dining room that would eventually be the main entertaining place in the house, most of the house had original hardwood, and all the renovations I was planning would be under roof....

I've always enjoyed my long term flips. They've allowed me to hone my design skills and express my creativity through construction (you've see the product of those as blog posts). Something that has constantly bothered me about flipping is that on my tiny scale, there doesn't seem to be any long term wealth building as you just cash out of one and put into another. A website and podcast called  Bigger Pockets  ** opened my eyes to the world of rental properties and house hacking. This post is dedicated to 3 types of real estate investing that you'll see me talk about from time to time on the blog, what I like about them and what I don't.  1. Flipping As mentioned above this was my introduction to real estate investing. I've never done a quick flip, but I've now completed 2 long term live-in flips. It's super addicting if you like home construction and design because nothing is ever permanent (also good for the commitment phobe!). I've lo...