Does BRRRR count as a "simple" strategy?
First Post,
Hi BP community,
My name is Gil and I am new to real estate investing (old to life though).
I just found BP at the end of Oct. after I reached out to some friends about REI and they both independently sent me here.
I live in SoCal and am partnering with a realtor friend.
I have been listening to podcasts, reading and gathering some troops. 90% of the info I am getting is from the BP site and its materials.
I Just finished Brandon Turners 7yrs to 7figures guide, where he lays out a pretty simple plan to get a million in real estate in 7rs starting with 20k.
If you are familiar with the guide, one if its main rules is to Keep it Simple. I am paraphrasing, but he warns against complicating the process which is based on simple math.
Part of the 7yr guide asks us to buy cash flowing multifamily properties at 20% of value (with 20% down) and then force 10% equity.
That is the quick backstory, now for the question:
Does the BRRRR strategy enhance or hurt the plan laid out in the 7yrs to 7 figures guide?
If I use BRRRR I will put an extra STEP in the PROCESS, but is it a complicated step compared to what I might gain in access to winning deals?
Happy Thanksgiving.