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Updated over 2 years ago,
Save cash to BRRRR? Or finance and jump in?
Hi everyone,
Looking to start my real estate investing journey. I'm a fairly high earner and 26 years old. I'm leaning toward primarily doing BRRRR, however, I'm assuming it's going to take me some time (maybe 2-3 years) to save the cash necessary to buy my first property. I already max out all of my pre-tax retirement avenues, and that seems like a lot of time saving and waiting with a high opportunity cost in this current market, rather than jumping in and buying a rental property with traditional financing.
Does anyone have any thoughts or advice? Hopefully this makes some sense.
Thanks so much in advance.