New Investor: LLC or Individual - House Hack or BRRR Method

[Mitchell Becker]

Hello everyone, I'm looking to connect regarding investment strategies. I am first time real estate investor looking to buy in the west metro. 

House Hack or BRRR: I am a recent grad still living at home, and am looking to purchase a single family home to move into. I am torn between purchasing a cheaper home that needs rehab, and do the BRRRR method for future properties, or go the house hacking route into something more move in ready for my first property. At the moment I am pre approved for $200,000, and have about $30,000 for a down payment. Taking this into consideration, I would appreciate any advice as to how to approach my first investment.

LLC or Individual: I am also looking for any guidance regarding the pros and cons of buying my first property in an LLC, or in my own name. Is there a better option between the two for a first time home buyer?

I appreciate any and all guidance, I look forward to connecting!

[Aaron Zimmerman]

I'd personally go the house hacking route but it's important to be aware of the local housing laws there. You reduce living expenses and learn landlording and can get in with a lower down payment