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Updated over 8 years ago on . Most recent reply
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Why I think BRRRR is harder for beginners than flipping
I have been researching REI for the last year or so, and am feeling closer towards my first deal. I feel I have the funding resources, a decent understanding of deal analysis, and a handful of investor connections that may be available as resources to help with my first deal. In my mind, I have been going back and forth between focusing on rentals (BRRRR) and flipping. There is an aspect of this beginner decision that I feel has not been mentioned much so far, and am looking for input.
I am attracted to rentals for the longterm wealth growth, and see how helpful BRRR is in maintaining my cash available for future deals. I feel stuck in that I need to partner with someone to help with the rehab, but can't figure out how to structure a partnership for this purpose.
I am attracted to flipping because it seems easier to partner with others, mostly, I need a contractor/project manager with the time and expertise to focus on the rehab. I have a full-time job and have a toddler....aka not a lot of time to manage a rehab.
Thoughts?