Updated over 6 years ago on . Most recent reply
New investor looking for advice on a deal
Hi everyone,
I am a new investor looking to buy my first out of state rental property in North Carolina. I really like the power of reusing my money with the BRRRR strategy and have been focused on that so far.
I happened to find an investor looking to offload 3 properties at once, all of which generally fit what I am looking for and all with good cash flow and ROI numbers.
The issue I am having is that I would not be able to pull all of my money back out in the refinance, I would be leaving roughly 20% of my cash in this deal, thereby not having as much for more traditional BRRRRs down the road.
Looking for any thoughts/inputs people have, thank you!
Most Popular Reply
@Sean Johnson welcome to BP. Expecting to get all your money out of every transaction is not realistic. If it is a good enough deal sometimes leaving some of your money in the deal is not so bad.