Updated about 6 years ago on . Most recent reply
First Time Home Buyer: Setting Myself Up For Financial Freedom
By this time next year, my goal is to have improved my credit history/score and to close on my first home.
My plan is to implement the brrrr method, buy a home that has some upside potential through forced appreciation & within a year or so rent it out.
I currently rent with my girlfriend and our son and feel the best approach to getting started with limited funds would be to do it this way.
On the other hand I have done some work on a rental property for another BP member. After I expressed to her my interest in real estate investing she told me about BP & we’ve since had a conversation about potentially partnering on some deals later down the road.
My question to those who have more experience in this than I do is: How would you approach this situation as far as what I should focus on for the next year if you were in my shoes?