New investor looking to flip, buy and hold

[Dominique Wilson]

I am just starting out in  real estate as an investor. I currently have a home I just bought as my primary resident two months ago. My plan is to fix it up and either sell it or rent it out depending on the market at the time of sell.

My question is should I use the equity in my home to fix up the house or buy a rental?

[Nate Monson]

How much equity do you have in the house? Are you going to be comfortable if things don't go well on the flip? What if you can't rent it and are forced to sell? I would ask myself some risk tolerance questions as it pertains to your situation if I were you. Your answers to these questions and others like it should give you a good idea of whether or not this makes sense for you.