Getting started in with $130k and a 20 year plan

[Brett Chandler]

Hey guys and gals, 

Looking for some tips on how to get started in the SFR market with $130k. I would love to start working the BRRR strategy, but I don't have the time to commit to a rehab until all my kids are in school (4 more years). Financing strategy to get started with the BRRRR's is to pay down my primary mortgage principal (save up) as much as I can and take a HELOC to fund the deals. I live in the Portland area and I'm finding that without a significant down payment, properties do not cash flow well (.5ish%). I hate the idea of waiting 4 years to get started, but I'm not sure I have a good alternative without tying up my capital or landing in a negative cash flow position on something more "move-in-ready". My long term goal is to have 10 or more paid for SFR units in 21 years (retirement eligibility age) and live off of the rent income with enough positive cash flow to reinvest and create generational wealth. I would love to hear any feedback about things that I may be missing, things that worked well for you, things to try, things to avoid, whatever. Thanks so much!