Love the "stack" method. 

What is the next step? 

To guide potential investors effectively, I've created a five-step guide that outlines the main purposes of investment in real estate.Step 1: Identifying GoalsThe first step is to help investors identify their goals clearly.

Daniel, assuming your underwriting is sound, the next steps are pretty straightforward:1. find yourself a great private lender2. purchase for cash3. complete your rehab4. secure a tenant5. refi with a DSCR loan.

Quote from @Ladarius Payne: Hey everyone, I’m new to the BiggerPockets platform but not just here to browse — I’m actively taking steps toward real estate investing with a strong focus on the BRRRR strategy. 

Keep your eye on the long game, take action step-by-step, and you’ll be surprised how fast momentum builds once that first property is in place.Always happy to chat more specifically about markets or run deal scenarios side by side! 

Can someone state what some of the most important pros and cons are for getting into this investment method. 

My thought if you are sure you are going to complete all classes and pass the test, then you can do it all at the simultaneiously and get started ealier than doing them one step at a time.I guess if you are in HI, check with the Hawaii Real Estate Commission or whoever issues licenses.Hopefully this is not you, but on our state website they have pass rates by school. 

Obviously the interest rate situation has changed since then… But the method probably still applies in general.But, keep in mind that the DSCR loans usually reset every five years and that is what happened to us.

Is this method a commonly used method by investors?