Brand New - How much do I need?

[Kevin Santos]

Hello, I am new to real estate / bigger pockets / etc. I wanted to ask: 

How much is a good starting capital for a new investor to start investing in a long term BRRRR strategy? $50,000? $75,000?

I am currently making a career change and thought real estate might help me find financial independence, and feel I need to start making passive income soon since I am currently unemployed / going back to school. I am starting from scratch and have read "million dollar real estate investor." I am currently reading "BRRRR," and plan to read "long distance real estate investor" next. Still a little overwhelming, but am looking for a markets to start (AZ, PA, OH, etc). I have money saved and in the stock market / crypto. I am thinking of selling soon to fund this new real estate venture of mine, or should I wait to let things appreciate more until I get to $75000. Any insight will help.

Also, I had my eyes on long term BRRRR strategy but am now being told that short term strategies might meet my goals better - passive income / financial independence. Any thoughts / insight would be greatly appreciated. Is short term a good route to go or should I stick with long term BRRRR? Which strategy is better to start with my FIRST purchase? Are there books / info on short term rents I should look into?

[Karl Denton]

Hey Kevin, 
                Honestly I think it depends what your passionate about and wanna go for! Fix and flip could be a great short term option, but maybe you want an airbnb. For me I knew an area that was growing where I grew up as a kid, I had about 55k when I started out and I locked in my first deal on a 3 family. Currently I had a tenant move out and I'm renovating the unit and increasing rent. I am currently saving up for my new move to acquire another 3 family. My plans to get a couple cash flowing properties under my belt and form a good system for managing them. Once I get that experience I would like to scale up. Currently my strategy is long term and working out great. My point is do what you know and invest in an area you know. If your passionate about it and well educated you will succeed and if you don't you'll learn and find a way to come out on top!