Self-Financing First Leg of a BRRRR

[Adam R.]

I am educating myself on the BRRRR strategy in preparation for investing. I am targeting cash-flow properties in the $40-$60 thousand dollar range. With the ultimate goal to scale up to a point that I can quit my jump and moving into investing full time. My questions is, If I have sufficient cash on hand to finance the purchase and repair of a few projects, is it better to use that cash or is there still a benefit to using private money? I am just starting out, so I don't plan to have more than a couple projects occurring simultaneously. I understand that down the road, if I am able to scale up to more projects simultaneously, private money may be required. Appreciate any insights. Thanks

[Andy Eakes]

@Adam R. To me, if you can afford it, go ahead and use your money. That way all of the returns will be yours. You wont have to pay anyone back and there isn't any sort of a deadline to pay the money back. When you need more money, then you can rely on private funding. But if you plan on doing a bunch of these little BRRRRs, I'd keep using my money, recapturing it, and starting all over. That alone could make you great money!