How to BRRRR with only $50k

[Kyle Knab]

I have $50k cash. I am pre approved for a $250,000 loan. I can get an fha as I do not own a home. 

My question is, how can i start to brrrr as fast as possible? As I cant find a house for $50k or less and rehab it. Should I go to a hard money lender, use that money to brrrr? Wait to brrrr and flip some houses? 

What are my best options for gaining cash flow the quickest, so I can start brrrr’ing and build weakth?

[Michael Dumler]

@Kyle Knab, if you want to assume the risk of securing a short-term loan with high-interest payments while having zero experience in rehabs/managing contractors in what many believe to be a declining market, then proceed at your discretion. Here's what I would advise though, purchase a house hack deal that you can force appreciation into (sweat equity), finance via FHA 203k, or Fannie Mae HomeStyle renovation loan. This is a good deal that will allow you to obtain experience in both the rehab process and managing tenants.