Turnkey or BRRRR?

[Deal H.]

After many years of analysis paralysis, I'm finally in a place where I'm ready to make my first real estate investment. My plan is to use my HELOC from my current primary residence as the down payment. For someone in my situation, is it better to purchase a Turnkey property or a fixer upper using the BRRRR strategy?

[Benjamin Aaker]

I recommend BRRR. Turnkey will be a lot less cash flow. Make sure if you use your HELOC that the new property can pay back the HELOC as well as its own mortgage.