Should I start BRRRRing?

[Lee Kiesel]

Hey guys. Newbie here. I was able to save up 10k to start investing in real estate. I've studied the BRRRR strategy for a while now and I'm ready to take the plunge to invest. However, after reading a few blogs here, I wanted to make sure BRRRRing is my best option to start. Are they're other strategies out there that would be more beneficial? I know 10k isn't a lot to start so I would like to hear about what others are doing with little to start or if you are using other peoples money. Thank you in advance.

[Joe Aiola]

@Lee Kiesel If I were in your shoes, I would be doing everything I can to keep (and grow) that 10k in your savings. If you use the 10k in a deal then you're left with no reserves, which wouldn't make me feel comfortable. 

So, as @Kenneth Garrett mentioned, you can BRRRR using OPM and leave your 10k for reserves. Or you can find a partner who can bring the money and you bring the hustle for the deal / rehab. I think this is market dependent though, because 10k in reserves for my market wouldn't make me feel safe if something were to go wrong with the BRRRR.

It's definitely tempting to jump in and get started investing, but that's not always the best option. Sometimes improving yourself financially or educationally is the right move before jumping in.

Hope this helps and best of luck!