BRRRR investing method

[David Mijares]

I am looking for my first BRRRR property. I am seeking an idea/step on starting this journey that i can implement today. I was recently pre qualified, my area the housing is almost twice the amount of what is pre qualified for, a little timid about investing in an area that is not near by. Also want to make sure i am using the right type of funding for the BRRRR method, i was qualified for a 30year term conventional mortgage ( even though i am a new homebuyer)

[Alex Heidenreich]

I would agree with the above statements. The loan you were prequalified for would work for a house hack since it is for a primary residence. You could also mix the househack and BRRRR methodologies by purchasing a small, multi-family property that needs work. You could make it a live-in rehab and refinance after it is complete and also use renters to help pay your mortgage.