BRRRR'ing Multi Units

[Michael Harris]

Hi all,

I am a 26 year old newbie that finally feels ready to take the jump into investing in some multi unit properties. I recently did my first flip and am also working on a spec home with a couple other friends in the industry. The market where I am at (Colorado) is priced so high that I have been looking in to other areas. Columbus keeps popping up as a market that has reasonable price points with the opportunity for some appreciation as well. I have access to close to a half a million dollars between my cash and equity in my home. With access to that much cash I really want to take a look at buying some places with cash, and then BRRRR'ing (can you use it as a verb?) once the are renovated to recoup most of my investment while holding on to the properties. Any advice/resources on markets etc. to help me take the jump would be greatly appreciated!