Updated almost 6 years ago on . Most recent reply
How to best stretch initial capital
Hi All,
I’ve got about 200k to work with to begin my real estate portfolio. I’m trying not to get ahead of myself, but I also want to begin with a longer-term plan in mind.
My local market is not conducive to investment, so I will be looking out of state, most likely leveraging turnkeys (or BRRRRkeys if lucky) to begin with. In my rough approximation, each property would run 25-40k assuming typical leverage, which would get me about 6-8 properties.
In reading many of the stories here I’ve seen people having quickly scaled to double digit doors with less capital up front, so my question is what is the best way to approach this if that is my goal? I know BRRRRing would be the holy grail and let my capital work infinitely, but my feeling is that will be difficult remotely, especially as a beginner.
How would you approach this?