Newbie investing advice inquiry

[Karen Braddy]

Hi! New investor here :)! My husband and I live in the Raleigh, NC area and want to get started in real estate investing. Is there a particular method that is more newbie friendly than other methods? Like is turn-key a good way to get started or is BRRRR a better way to go, or maybe some other way that I haven't listed here? Any help would be greatly appreciated, thank you in advance!

[Michael Douglas]

Hey Karen, My wife and I started out with a 4/2.5 house in Portland.  We put 2 of the rooms on airbnb for about 1.5 years. That helped us build up our savings. We put that house out for a long-term rental and have a family in it with a cash flow of $300+ monthly.

We moved to Raleigh and lost our first 8 offers on houses as we try to expand our RE investments. Just confirmed a contract on house here. We didn't want to rent and so just bought something off the MLS. It's not a home run but it's a solid base hit. We'll airbnb a room in that for a year while we rebuild our savings and force appreciation on this house.

The plan is to then rent out this first Raleigh house and find another to buy. This is a modified BRRRR method since we didn't buy it low enough to refi and pull out our initial investment. This will slow our accumulation of cash for the next purchase. Even so, we can partner with friends and family on the next purchase if needed.

Karen, that's our story on getting started in RE. Nothing amazing but, it is a start.