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Updated about 1 year ago,
My Reaction To Bigger Pockets Episode #839 - Darius Buying 2,500 Properties
I do want to clear up that buying a property because it is cheap is not necessarily a great reason. What I ultimately learned from buying cheap properties nearly a decade and using the BRRRR strategy; is that I needed a great balance of positive monthly cash flow and short-term market appreciation.
The monthly cash flow from the 2,500 single family property was great but after I combined it with the high short term market appreciation it was well worth it. There were times in the past when I did not have the extra equity to expedite my portfolio. After I understood the relationship between positive monthly cashflow and short term appreciation I was able to take my portfolio to a new level.
I really appreciate all the Bigger Pockets fans! We are in this journey together.