Getting started in real estate investing (house hacking or BRRRR)

[Maxwell Hough]

Hello, my name is Max, I am 17 years old, live in NorCal, recently found out about BP, and I am very interested in investing in real estate in the upcoming years. I guess what I want to know is couple things, should I start out my real estate investing journey by house hacking or doing a BRRRR deal? These are the two strategies that seem the most appealing. On top of that, I was wondering how much money I should aim to have in order to do one of these (I have $1,400), I am young so I would be willing to work for a while and save as much as possible while living with my parents. What are the types of loans I would be able to get with each of the two investment strategies. Also, I am curious how difficult it is to get a loan from a hard money lender/private lender and what the requirements are. I have seen that I could get a loan where I can put down as little as 3% - 5% for house hacking. So yeah, I would greatly appreciate some advice/guidance, thanks!