Question From a 19yr old RS Investor

[Nicholas Hariprasad]

Hey BiggerPockets fam !! I really want to get into the RS scene. I'm an eager 19yr old looking to purchase my first property. I've been addicted to the idea of BRRRR but it's very hard to find distressed properties that need rehab in my market. I'm thinking... what if I find a new already renovated house... put 20% down and let's say that house goes up in value over the years and then I cash out refinance. Isn't that the same as the BRRR method but the only difference is that I'm not getting my cash back right away ? Or should I stay on the search for distressed properties ? any help is appreciated, thanks

[Bruce Woodruff]

The first R stands for renovate....and that is where you get a big chunk of your ROI/profit. Leave that out and there's no point to calling it BRRR is there?