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Updated about 2 years ago,
First time investor block.
Hello
I have been looking to invest in a first "investment property. " I have multiple ideas but unsure which is realistic or best choice. Idea 1: I am debating on attempting to purchase a single family home to flip and either rent or sell. Idea 2: rent my current home and use HELOC money to put 20% down for a second home. With idea 2 it's a little easier to think and possibly process through. Idea 1: seems more difficult as I'm not sure how to find a loan to buy and flip a home. I guess one could say I am very ignorant to the financial possibilities out there.