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Updated about 7 years ago,
How do I get myself unstuck and move forward to my next property?
Hey everyone, my name is Amadeus. I have been very passionate about real estate ever since I have stumbled upon it and spent quite awhile just building up my knowledge and a successful mindset and after I felt comfortable enough started to use the rental property calculator and found a property that I liked. The property worked so me and my wife took the leap and so we bought our first rental property just about a year ago.
But where the problem lies is that I purchased this property before I ever seen the BRRRR strategy where I would be able to go on to the next property MUCH quicker. So as of right now my property is still a liability (which I don't like) hahaha but it wouldn't be if I could rent out the basement that me and my wife are currently living in then it would be cash flow positive. But I can't buy another property yet because we do not have a bunch of money saved up because we just got married this year and we didn't use the BRRRR method so we can't refinance and pull equity out... I guess what I am trying to get at is I am wanting to know how to get into my next property the fastest, because my goals are moving a lot slower than I know they could be right now and it is sort of frustrating. So if you have any pointers or insight it would be GREATLY appreciated! :)