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Updated about 5 years ago,

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4
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0
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Julian Dano
Pro Member
  • Investor
  • Manchester, NH
0
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4
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BRRRR vs. Rental Property for first time investor

Julian Dano
Pro Member
  • Investor
  • Manchester, NH
Posted

I am a new investor in the Southern NH/Boston area. For all my beginners out there who have completed their first deal, looking back do you advice going the BRRRR route or getting your feet wet with a turn-key rental property for your first deal?

It makes more sense to seek BRRRR deals long-term which I plan on doing. But my concerns are that I'd be biting off more than I can chew. My initial plan was to just jump into a rehab project with BRRRR, find a good team, and figure it out on the way. But I wasn't sure if that was advisable or not for beginners.

Here's my situation:

  • I'm in my late 20's and would be a first-time home buyer.
  • I can help with small rehab tasks (painting, flooring, toilets, etc) but have no rehab experience beyond that. 
  • I am learning to estimate rehab projects but I would definitely need some assistance.
  • Capital is not a limiting factor at the moment
  • Julian Dano
  • Loading replies...