Is BRRRR a risky strategy for first time buyers?

[Mitchell Litam]

Hello BP Family!

After listening to multiple podcasts and reading books it seems like the BRRRR method is well received and makes so much sense because it allows your money to go further.

My question is it tougher to do a BRRRR deal than a normal conventional 20% down loan.

I know there are more moving parts to a BRRRR but I am familiar and comfortable with the refinancing process. I guess the part that makes me nervous is the all cash buy and then moving on to paying all the renovations in cash too and hoping you did your homework right to get the right ARV.

Am I overthinking this?

My last purchase was three years ago. Being stagnant has killed my productivity and I feel like I have never bought an investment property at all!