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Updated about 5 years ago,
To BRRRR Or not for first investment
Hey BP!
I wanted to get some insight and advice from the BP community.
I’ve decided to get started with investing (finally),however, I’m am stuck with the analysis paralyses.
I’ve chosen my geographical location to be the Inland Empire in Southern California just because I am more familiar with the area and since I am starting off I want to be close.
I have the money to either do a BRRRR or a regular 20% down on a SFH that needs minor repairs.
I'm in a position where I don't know what to go with. I've read on the forums that fixing up a home is not ideal for a first time investor but I have also read that it's a great way to start. I figured a 20% on a SFH might be the "safer" route?
Has anyone been in this situation when they started out? If so any suggestions would be greatly appreciated!
Thanks!
Oscar