Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

10
Posts
3
Votes
Alex Carreras
  • Miami, Fl
3
Votes |
10
Posts

Finding funding for my first deal.

Alex Carreras
  • Miami, Fl
Posted

I want to get started with my Real Estate investing with flipping, brrrr, or house hacking. I don’t really have enough to do it on my own. How do I start???!!! I’m a licensed Realtor Associate with moderate knowledge on how it all works.

Most Popular Reply

User Stats

1,535
Posts
1,151
Votes
Whitney Hutten
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Rental Property Investor
  • Boulder, CO
1,151
Votes |
1,535
Posts
Whitney Hutten
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Rental Property Investor
  • Boulder, CO
Replied

@Alex Carreras I would start with your education on why those strategies and how they fit into your plan.  They are all 3 different and will yield different results.  They also depend on your access to capital to fund them.  So start with your WHY and your goals (here is a guide).  Then think about how the strategies fit into our plan (here is how I might do it).

1. Househacking - You can get in at historically low rates and with a very low down payment.  You can also get a 203K loan and take on construction as well. This strategy would allow you to reduce or eliminate your housing cost, and you can save faster.  And you can do this about every year (you have to move of course) and repeat.

2. Buy 2-3 properties to BRRRRR and make sure flipping is a viable exit as well. Keep 2, flip 1. Remembering always to continue to reinvest your profits to build (don't spend them on a new car... yet).

PM me if you have Q's!

Loading replies...