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Updated about 7 years ago,

User Stats

6
Posts
1
Votes
Gil Ferro
  • Valencia, CA
1
Votes |
6
Posts

Does BRRRR count as a "simple" strategy?

Gil Ferro
  • Valencia, CA
Posted

First Post, 

Hi BP community, 

My name is Gil and I am new to real estate investing (old to life though).

I just found BP at the end of Oct. after I reached out to some friends about REI and they both independently sent me here.

I live in SoCal and am partnering with a realtor friend.

I have been listening to podcasts, reading and gathering some troops. 90% of the info I am getting is from the BP site and its materials. 

I Just finished Brandon Turners 7yrs to 7figures guide, where he lays out a pretty simple plan to get a million in real estate in 7rs starting with 20k. 

If you are familiar with the guide, one if its main rules is to Keep it Simple. I am paraphrasing, but he warns against complicating the process which is based on simple math.

Part of the 7yr guide asks us to buy cash flowing multifamily properties at 20% of value (with 20% down) and then force 10% equity.

That is the quick backstory, now for the question:

Does the BRRRR strategy enhance or hurt the plan laid out in the 7yrs to 7 figures guide?

If I use BRRRR I will put an extra STEP in the PROCESS, but is it a complicated step compared to what I might gain in access to winning deals?

Happy Thanksgiving. 

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