Looking to get started

[Jacob Morris]

So I have around $150k liquid. About another $40k in stocks I'm willing to pull out. I have zero experience, finding a BRRRR in my area is next to impossible. I just want to start making some money and leave my job eventually.

Should I do section 8? Normal places that cash flow? What are some suggestions?

I just want financial freedom.

Located in Knoxville, TN

[Louis Davis]

@Jacob Morris The biggest risk in real estate is using your own money. You don't need to empty your accounts to buy properties in real estate. The first thing you need to do is find out what you want to specialize in with real estate. Do you want to buy and hold or do you want to flip? The BRRRRR method is a part of the buy and hold method just with a twist on refinancing on the backend to cash out your equity. But do you really want to be a landlord?

Real estate has a lot of different ways to make you wealthy but can also be a headache if rushed into. Yes you can make passive income on rentals. You can also make lucrative amounts with flipping or even assigning properties to buyers that are looking for investments. Find out what it is that brings you passion about real estate and everything else will fall into place. 

Hope this helps, 

Louis