New but not new, just can't get past the starting block.

[Farshad Mansouri]

Hey community, I am a resident of Allendale, NJ. I am a physician with little time to put into real estate investing, but I very much want to BRRRR and build a portfolio. I am tired of working long days, and need outside streams of income in my pursuit of slowing down and eventually retiring. I will be taking a HELOC out on my house soon, so I am finally looking to make some moves in Real Estate. I owned a Duplex and house hacked about 15 years ago in Buffalo NY, and did well with it, but I need to do more now. My biggest issue is TIME. I work all day, then have family at night. But I do have capital to invest, so I need to make it work. Thanks a lot!

[Henry Lazerow]

I work with several physicians some of which out of state and completed a BRRR last year which they do a unit airbnb I manage for them currently. You need a good team of contractors your realtor may have this for you. Bassically as a physician you should not be visiting property much for rehab and place two lockboxs (one with extra keys) instead or pay someone to manage project as your time is worth more.

I recommend buy class A or B 3/4 units. These are scalable and easy to manage. 

The biggest draw back right now on BRRR is rates. Its tough to make numbers work in nicer areas cashflow wise. I recommend just build equity through light rehab and if rates drop in future pull out the cash.