No luck with BRRRRing....

[Katrina B.]

BIGGER POCKETERS - 

New investor here 👋🏽...I'd like to hear experiences from those that have built their portfolios the traditional way - finding a good deal, putting the required 15-20% down and renting it. I've had no success in finding good BRRRR deals or flips as most experienced investors have gotten first dibs. Although it will take a longer time to build my portfolio this way, I'm fine with going this route for my first few properties.

I read a post yesterday where a lady indicated that was her process because of the competition in her city. People on the post frowned upon it because “it would take years” to recoup her down payment. I understand the trend now is BRRRRs and not paying your own money but that may be the only way to get some skin in the game. 

Please share your experiences of going this way. How long did it take to build your portfolio and how long did it take to gain profit?