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Updated almost 7 years ago on . Most recent reply
New member from Memphis, TN
Hey Everyone! My name is Zack McCoy and I recently joined the BiggerPockets site! I'm in Memphis TN and I'm looking to get into real estate investing. My wife and I bought our house in the fourth quarter of 2015 and have been fixing in up (from our own interest, not in REI terms).
Now we've begun to consider the idea of real estate investing via the method of live-in flipping or a live-in flip - BRRR hybrid method. Our plan is to finish a few more updates for this current house and start our REI journey first quarter of 2019. Depending on the appraisal of our current house, we may rent it out or try to sale it to fund an investment. Thoughts?
The plan now is to be a sponge and soak up as much knowledge as possible to make us more prepared when that time comes! I'd be interested in hearing your thoughts on live-in flipping versus renting out a house you have live-in flipped and what has worked (or not worked) for you.
Thanks!
Most Popular Reply
@Zack McCoy - Welcome! There is a great group of Memphis investors on BP! Also check out all the REI meetups in town. We (my wife, @Elizabeth Wilson and I) try to make it to Coffee with Investors every Weds at City and State Coffee on Broad at 7:30am.
Look forward to meeting you!