Starting After Selling Current Home - Agree with Approach?

[Jared Jones]

Hello all,

Was turned on to BP after listening to a few podcasts. All I listen to on my way into work! My wife and I are selling our current home (Massachusetts), and moving to Nashville, TN in a few months. We will begin investing in real estate once we settle in. Would love to hear if you agree this approach, or would recommend another. With the profit from our current house, we'll put 20% down on the new house (we want it to be a single-family, as we have 3 kids and want more space). As soon as we can pull equity out of the new house, we will want to begin investing in rental properties in the Nashville area. One reason we will not have enough of our own money to invest right away is we've used equity in our current home to renovate kitchen. We do plan to link up with other local investors down there, but wanted to reach out the BP crew to gain any insight. Ultimately, we want to own rental properties, and get into flipping (the right deals of course). Should rental be our first venture into real estate investing, or find a property to flip first? Other than taking out equity in the new home, any go-to financing option you recommend for first deal?

Jared Jones

[Luka Milicevic]

@Jared Jones no real right or wrong way with your plan. 

I'm active down here and might be able to find you a home depending on what you're looking for. House prices are quite high at the moment. More than you might be used to in your market.