I bought my Duplex back in 2022 and House Hacked for 2 years before purchasing a single family home to update, add equity, and add to our rental portfolio.

Purchase price: $320,000 Cash invested: $15,000 Duplex, currently renting both units at $1840 each What made you interested in investing in this type of deal?

Quote from @Nina Werman: View report*This link comes directly from our calculators, based on information input by the member who posted.HI Friends,I'm a newbie to brrrr'ing and investing.

Long-distance investing requires strong market research and a reliable local team, so focus on landlord-friendly areas with solid cash flow.

They often think they're getting a good deal and tell their friends they got a good deal, when they really left money on the table unknowingly.

Seller purchased in 1990 for $150K.

.– Having a friend manage the property can work if expectations are super clear.

Rents are strong relative to purchase prices, and if you’re considering the BRRRR strategy, there are still opportunities to make it work.I built a 12-door portfolio in Detroit using BRRRR and have written extensively about the market, including the nuances, challenges, and where I see the best opportunities today.

@Ibrahim Konate Hi Ibrahim, I'm not an expert per se, but my first rental purchase ended up being a no-money down ARM loan with a local credit union that took an older appraisal and EMFV on the tax record.

So I am short on financies right now and have to make progress paying down my HELOC I used to purchase it.