How to Earn capital to Start Investing in Brrrr Properties

[Troy Sanders]

Hello Bigger Pockets Community,

I need some pointers and guidance here. I have read about 6 of the bigger pockets books. I've made myself knowledgeable on terms and types of investing , BUT the issue lies that I want to start my invest journey as soon as possible but do not have a lot of capital to start the BRRRR strategy. I have about $20,000 in reserves. I guess what I'm trying to ask is. What can I start doing right now to begin my journey??? Should I give flipping a try until I have enough capita to buy my first BRRRR through cash offer? Should I look into Hard Money Lenders?What about Fix and Flip? House Hacking is not an option as I have little ones that I cannot move around. I'm so intrigued by Real Estate Investing and just want to start now and be as successful as I can be.

Any help is greatly appreciated 

[Nate Bell]

@Troy Sanders

Get a hard money loan and get into a project with a total cost (acquisition and repairs) of ~$80k. Go into it thinking you’ll Brrrr it, and be open to the idea of selling it when you’re done after you see how the market is, how easy it is for you to get long term financing, and whether you went over budget or not.