Strategy for first Buy & Hold -BRRRR SFH?

[Danny Baylis]

Hi all,

What is everyone's thoughts on their FIRST buy & hold property to purchase? I have experience fix & flipping, I live in Illinois and have around $200K cash to invest.

I feel like a good strategy would be: BRRRR on a Single Family Home under 75k or something. Thoughts on this process?

The reason why I like this strategy is:

- Seems like lower risk;

- If numbers are correct, its not much out of pocket;

- Seems like a good way to get feet wet, get a rental & some positive cash flow.

My concern is:

- I speak with investors all the time who started off in SFH and they all say moving forward their strategy will be multi family.

Any insight is greatly appreciated!

- Danny

[Tyler White]

You should check out Rockford, IL. I’ve seen some nice single family homes that need a little TLC in high cap areas.