New to investing in real estate

[Andrew Yen]

Hi everyone. New to real estate investing. A little nervous but desperate to get out of the rat race. Looking to try out the BRRRR method. Hoping to get some incite. Any advice would be appreciated.

[Samara Huntley]

@Andrew Yen Hi. Congratulations on your goal of getting out of the rat race! Real estate is definitely the tool to achieving that goal.

I suggest you get an investor savvy agent in your desired investment location that knows the BRRRR method like the back of their hand. This will enable them to be able to guide you through this process over and over again until you're officially out of the rat race.

My local market of Gastonia NC is a great market to check out for BRRRR's. 75-100k purchase price, around 15k+ in rehab and we usually end up hitting the 1% rule!

Also, just start analyzing deals. The more the better. I suggest using BPs calculators to learn how these deals work with ALL expenses calculated. Vacancy, capex, maintenance, taxes, insurance etc. The more educated you get on the subject the easier RE investing will become!

Good luck, Andrew!