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Shion Queen
  • Los Angeles, CA
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Best way to save up for BRRR

Shion Queen
  • Los Angeles, CA
Posted Feb 24 2019, 17:40

I’ve been beefing up on my education. I have about $25k. My goal is to reach my magic number of passive income in 6 years. Any suggestions on how to jump in?

Should I flip and save more cash for a larger down payment to BRRR in the SoCal market?

Should I try to immediately BRRR in a different/cheaper market (I have no contacts there).

I think I want to use a HML or Investment Lender as I currently have a mortgage on my primary residence, great credit, but not sure I would qualify for a conventional loan.

Do I find the deal first or get pre-approved with a HML or Investment Lender?

Thanks. Sorry I slammed my post with multiple questions.

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