Updated over 6 years ago on . Most recent reply
First time RE investor. Turnkey vs. BRRRR strategy
Hello all, my name is Louis Kanan Jr. I live in the Downriver (Detroit) MI area. I've read alot of real estate books and listened to Bigger Pockets for podcasts for some time now. I'm trying to get started with building a rental property portfolio. I'm torn between the convenience of buying turnkey properties, but feel it won't scale as fast as using the BRRRR strategy. I've never BRRRR'D a house before, but i feel in the long run this will be the better strategy. Any input or anyone around this area willing to network or talk would greatly be appreciated. Thank you
Most Popular Reply
Congratulations! For a new investor, it may be worth buying a turn key to get cash flow going right away while you look for a home you can use the BRRRR strategy on. Once your first home rents out, you may have more of a perspective of what renters are looking for in your area.