Newbie looking to get into multi-family investment using BRRR
Hey everyone,
This is my first post as a brand new member. I am in love with BP and real estate investment is slowly becoming my obsession/passion. I am an active duty army officer and I guess you could term me as a "part time investor" currently, but plan on doing this full time in the future.
I own one home, which I live in. It was bought with the intent as an investment property for long term rental cash flow. However, my real question (there are many many many more that I do have) is how to get started on multi-family properties as buy and holds using BRRR. So to all my EXPERTS out there and SUBJECT MATTER EXTRAORDINAIRES please get in contact with me!
I have good credit, $40K in cash saved, and a full time job. I get back from my current deployment VERY soon and have been planning/preparing to make my first LEAP into multi-family investment as soon as I get back. I understand I need to know the numbers and be able to analyze property to find great deals. I'm trying to wrap my head around refinancing, initial lending, money down, rehabbing, and everything in between.
I am constantly searching on this site looking for tips and advice on these particular topics. Could someone please point me in the right direction and WHAT WOULD YOU DO if you were an expert? I am in Lawton, Oklahoma Fort Sill! Any advice would be very much appreciated! PM if need be!
Best,
Scott