Better method- Low Down Payment or BRRRR

[Drew Smith]

Hi all,

New investor here. I currently live in Seattle and am looking to invest out of state where my money can go further. So far, I've mostly been focusing on my education by reading and listening to podcasts. 

I have some money saved up and planned to use that to BRRRR a du/tri/quadplex. However, I was listening to episode #448 of the bigger pockets podcast last night. They talked about getting a loan with 3% or 5% down; then you won't get much value by BRRRRing since I won't have much cash equity in the property. The obvious Con is higher mortgage payment + mortgage insurance. Any other thoughts on which strategy makes more sense? Looking forward to connecting