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Updated over 4 years ago,

User Stats

7
Posts
1
Votes
Michael Puckett
  • New to Real Estate
  • Haughton, LA
1
Votes |
7
Posts

Considering the BRRRR Method

Michael Puckett
  • New to Real Estate
  • Haughton, LA
Posted

Hello BP! I am considering doing the BRRRR method but unsure if it is the right step for my current situation. I currently am working as an Electrician and go to school twice a week through my work program to become a journeyman Electrician. I have $19K in a car loan and will have $50K on a mobile home soon. I would like to get some cashflow properties to pay for these expenses ($1K per month after all expenses) but unsure if this is the appropriate first step. I thought of Wholesaling or flipping but to have my debt paid down without taking it from my job income is my ideal situation at the current moment. Any Thoughts???

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