Updated over 6 years ago on . Most recent reply
Would you do a BRRRR on your first investment?
Hello I wanted to get some general feedback since I am new to real estate investing. I have saved up a substantial amount of money and I am able to put a down payment on a property as well as pay for rehabilitation costs. I’ve partnered with a much more experienced investor to help me get started.
My question is would you BRRRR on your first deal? Would you go the finance route or wait until you can pay cash?
Most Popular Reply
@Kris Marmol there are bound to be wholesalers from that area on BP. If I was in your position, I'd search them out, get on their list, then make a long weekend trip out there. Drive the areas you're considering investing in, walk on to jobsites, meet builders, contractors, investors, maybe plan your trip while a local REI meet up is taking place.
That's just my $0.02, I at least like to know the lay of the land before I invest there.