Investor · Raleigh, NC · Member since 2014 · 104 posts · 112 votes
Hello all,
Long time lurker and listener to the BP forums and podcasts. I have gotten into real estate last year with my first property a triplex and have since then bought a duplex. I am gaining knowledge every day. I am mainly looking for the cash flow game in long-term rentals but also have been looking and BRRR strategy recently as it seems to be the best way to get the best cash flow or possible just flip it to capture the gains more quickly.
I would be happy to share any knowledge I have with my process of getting my first two properties (No money down) and my experience so far with self-managing them. I would also like to talk to anyone who is currently doing anything with BRRR strategy.
Hey Mitch! Congratulations on already attaining 5 units! I have the same investing strategy as you do. I own one property (using it as a house hack) and am hopefully going to be closing on a duplex within the coming month (using the BRRR strategy to get my capital and hopefully a little excess back).
I am definitely curious about your first two deals and would love to hear about them.
@Mitch Miller Welcome to Bigger Pockets! I also did a BRRR on a townhome I bought as a short sale in 2012. Was able to refinance just a year later to get a good portion of the money I put down back