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Updated over 3 years ago,

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2
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Tonia Burks
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Newbie - Ready to Execute ASAP

Tonia Burks
Posted

Hi! I'm a newbie looking to execute on my real estate investing journey asap. I've tuned in to several BiggerPockets webinars but I'm still just not sure how I should go about financing my first deal. I purchased my first home (SFH in Atl, GA) in 2009 which is where I still currently reside so I know I have some equity there. I have excellent credit and some savings but I don't really want to tap into my savings if I don't have to. I've been looking into investing in real estate for quite some time now but I find myself stalling when it comes to the financing piece. I want to get past this hurdle and finally take action. With the current state of the housing market, I'm looking at property in my home town which is out of state and I'm also looking at SFH and MFH in-state as well but in both cases I'm yet again getting caught up on the financing piece. In order to get started, I need to figure out the financing piece so I can actually move forward with the next step. I could really use some guidance. Would it make sense to sell my home then use the proceeds to purchase investment property and house hack or keep my home then take out the equity to purchase an investment property? I'm stuck....HELP meeeeeeee plz :)

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