Best way to start out

[Dustin Abner]

Hi there, I'm wondering which way is best to start out and get out of the 9-5 fastest? I actually work 12 hour shifts but I'm very burnt out. 

Would you suggest BRRRR as a way to build a quick portfolio and heavily focus on the REI dream, or househacking (multiple properties) for a few years with my W2 doing my main cashflow? Again, I'd really like to get out of my current situation but I am also realistic to the fact that it maybe can't happen right away. We have to take it one step at a time.

I also have this idea that flipping can build my capital in the beginning and fund these other ideas -- especially BRRRR.

Thanks in advance!

[Nicholas L.]

@Dustin Abner

Hi.  Definitely start with a househack, and if you can stand to do a bunch in a row, as you mentioned, that's great.  A househack isn't supposed to cash flow, it's just a way to build equity with your housing payment.  And equity is wealth.  If you own a bunch of break even properties that you didn't have to go out of pocket much for... that's incredible. 

The median age of a first time home buyer in the US is 38, and only about 3% of people own more than one property.  If you can beat either or both of those, then you're ahead of the game.

"Flipping to build capital" sounds great but is really tough because you're going up against people and businesses that do nothing but flip.  It's just not that easy to go do one home run flip with no experience.

Finally, I'd worry about scaling and income replacement once you've done a few deals.  

Hope this helps