Consider MFR While Waiting For BRRRR

[Lloyd Silver]

After much consideration, I decided that using a BRRRR strategy was best for my goals and skill set. Good deals aren't obviously easy to find.

I'm trying to decide if I should :

a) just be patient in my chosen market and wait for the right BRRRR deal even if it takes months

b) also look for a small MFR (my #2 strategy choice) so I can start investing while waiting for the right BRRRR deal

c) expand my market into a 2nd location (I'm out of state and like my initial market as it's backed by good metrics and I have family in the area which can help mitigate some of the risks of out of state investing).

I'm leaning towards looking for a duplex as it won't prevent me from buying a good BRRRR. But there's a good argument to staying focused on BRRRR to hone my skills in a single strategy. I'm just concerned I wake up several months from now and still haven't found a good deal.

Thoughts?