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Updated about 7 years ago,
BRRRR Vs Turnkey with a Full Time job
Good morning,
I have been planning and preparing to build real estate income and am very close to begining. As I have been pulling together capital to get started, I have also been researching markets, podcast listening and reading every book I can get my hands on to get a foundational education.
In my mind, with my capital limitations to get started I love the BRRRR strategy, I think I can make it through the Buy, Rehab, Rent, once before chasing loans if I stay in certain markets. One of my main concerns is that I have a full time job which takes up all my available time and brain most days.
So then the other options seems to be Turnkey but my big concern with this plan is that I will deploy all my capital and then need to slowly build up again using the cashflow before I will be able and ready to reinvest...
As I am writing this out it sounds very impatient but I am eager to break from the coporate world in a reasonable 5 to 7 years and I'd like to bridge into real estate to do so.
I am looking for feed back to know what other people have done considering Tunrkey Vs BRRRR?
-and what they would do differetly if they could?