Multifamily Property Using OPM and BRRRR Method

[Megan Harper]

Hello everyone,

This is my very first post on here. I am a licensed Real Estate Broker in the State of Oregon.

I am looking to get into investment real estate, and would like to buy my first multifamily rental property using OPM. Whoever on here has successfully done this before, please, please, reach out to me. I have many questions, and would like your help.

How do you find distressed or off market properties for a good price? Market prices in my area being are very high right now, so would anyone on here recommend waiting for the market to drop back down before I buy?

I will be using the BRRRR method to gain equity on the property. If anyone has used the BRRRR method on their properties, what mistakes should I avoid making in doing so. I know this path won't be perfect my first few times doing it, so I really do appreciate the advice.

Lastly, if you have used a Private Lender before, I would like some advice on how you found them, and how to work with them.

Thank you for taking the time to read and answer my questions if you have, like I said, It's greatly appreciated.