First time investor block.

[Eunice Torres]

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.

[Jake Lazas]

Hi Eunice,

Glad to hear you are getting started in your REI journey! I see you are looking here in Nashville. I would love to connect and maybe share some of the things I have learned about investing and working as an agent here in Nashville. Also, I would recommend you sign up with the Mid TN REIA: https://www.reintn.net/Default. Great source for meeting other investors and learning. The Nashville market is not one for flips right now (unless you really know what you are doing). However, I do like the idea of BRRRRs in specific areas of Nashville. It's tough to find a high income producing asset around the metro area right now... Let's connect soon. 

Best, 

Jake