Deciding which route to take first!

[Bryan Rice]

I have been listening to the BP podcast for a while now, and am trying to figure out which route to take first. Two other friends of mine, and myself, want to build a real estate investment company together to reach our financial goals and build something. We were trying to decide on whether we would find an extremely distressed property, buy it as a deal, rehab it, and then sell it. Take those profits from that deal and roll it into another fix and flip with a larger profit margin. Or if it makes more sense to start by doing a more traditional BRRRR strategy where instead of selling the property, we refinance whenever we can, and do it again. Many of the interviews on the BP podcast tells us that they really never started out in the fix and flip space, but rather ended up going straight into rentals. Us three believe that the monthly cash flow from rentals is beneficial, but didn't know if we would be better off flipping first, and then move into rentals.