Buy and Hold Best Strategy

[Jose M.]

Hi, I’m a newbie real estate investor, interested in buy and hold, specially small multifamily properties. I have been thinking in strategies to grow these real estate investments but Am struggling.

What's the best way to grow one's little real estate portfolio? Follow the BRRRR strategy, pyramid or something hybrid?

I’m a little confused, I like the idea of keeping the properties as long as I can so when they are paid off, it would be nice to have that cash flow for financial freedom and all that.

So wouldn’t like to sell unless really needed.

On the other hand, the refinancing aspect: I’ve been told that if you do that, your mortgage payments will increase and cash flow will go down.

For the BRRRR: If you put 25% down from your savings, getting a 6% rate (let's say), rehab, rent, refinance and repeat, does it work the same/better or worse than if you buy it with a hard money lender (getting 9-10% rate I guess) instead of your money?

Any light on the topic would be appreciated...

My initial approach idea was to simply save $, buy putting 20-25% down, rent it and hold it. But I know this approach is very slow, so would like a better alternative.

Thanks guys