How do I get started with BRRR investing?

[Mike Brown]

Hi everyone

I'm in Michigan and I'm very new to real estate investing. I currently have $30k I'd like to invest using the BRRR method. I've recently read about BRRR. From what I read, it seems that the BRRR method basically works by saving a 25% down payment, then buy a home that needs to be updated, spend enough on updates that it will increase the value of the home, then refinance the extra profit to repeat.

But how exactly do I get started and find a home? I've been looking on Realtor at homes with good schools at around $80k. I can put 25% down and spend the other $10k on rehab. But I'm not sure if that $10k in rehab would increase the home value from $80k to say $130k (would it?)

Can someone lay down the steps I should take as a newbie and what expectations I should have? Thank you!