Hi, everyone! New Austin TX Investor/Realtor

[Thomas Lee Malpass]

I am a new Austin TX. Realtor, and I have been studying real estate investing for almost 5 years now but never took the leap to buy an investment property, I feel I've been stuck in analysis paralysis. Does anyone have any tips for someone looking to get started with little to no money saved up?

[Steven Foster Wilson]

Hey Thomas, if you have limited funds available, flipping or BRRRR'ing could be an excellent way to get started. With this strategy, you can purchase a property using hard money with only 10% down, and they will cover 100% of the renovation costs. If you're flipping the property, you can sell it for a profit and use the proceeds to continue investing. Alternatively, if you're pursuing a BRRRR deal, you can refinance the property at a higher appraised amount, allowing you to be in the deal for less than 20% down and potentially even receive cash back at closing. Hope this helps!