Is a BRRRR mentorship worth it?

[Ajay Kumar]

Trying to find my first BRRRR for almost 5 months now. There are 'OK' deals in the market but the borrowing cost now is so high, I am kinda scared because of the contractor stories I keep hearing. Every 10 stories I hear about contractors, 9 of them are negative, not just on BP but on all social media sites.

At first, I wanted to buy a primary residence 4 unit (have an FHA pre approval), then I changed my mind &decided to use the downpayment to BRRRR a house (NJ, PA, CT. NY)

I came across an FB group with a massive following that offers mentorship for $6k. They said they will help with everything - finding deals, lending, all contracts, going over deals for the first few months. They also said I will be able to offset my W2 income with BRRRR (how true is that?). I have been researching & analyzing BRRRR for almost 5 months & have run out of patience.

Is the mentorship worth it?

[Nicholas L.]

@Ajay Kumar

nope.

and... BRRRR isn't a cashflow strategy at this time.

and... you're not going to find BRRRR properties on market.

and... you will need to be patient for longer than 5 months.

took me 12 to find my first one.