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Updated over 1 year ago on . Most recent reply
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New And Excited To Be Here
Hello BP community! I am brand new to real estate investing and am just in the preliminary research phase.
I have started and ran two businesses, so when the time comes this is going to be my third entrepreneurial venture, and I couldn't be more excited! I have several colleagues who do real estate investing full time and have found a lot of success and fulfillment from it, and that excites me and motivates the heck out of me! I have also held (and currently do) several sales jobs and am looking forward to applying those skills, as well as all of the lessons I have learned from my businesses, to create financial freedom for myself and my lovely girlfriend.
Again, I am just getting started. My plan of attack right now is to do as much research as I can in my free time until I feel I confidently grasp the overall concept of real estate investing and how it fits into my specific goals. From there I will be deciding the investment strategy that I want to use (leaning towards BRRR right now), creating an investment/savings plan, and taking consistent action daily to move me closer to my first deal!
If you are in the Phoenix, and better yet the Gilbert area, please reach out. I would love to connect and meet as many people as I can as I get into this journey!
Most Popular Reply
As a realtor and investor here myself…I would just say that BRRR is more or less dead at the moment. Interest rates have changed everything. If you're listening to 2 year old episodes of the BP podcast you might as well be living in the age of the dinosaurs. Those strategies are dead in the water. I would encourage you to become an expert in assuming existing loans whether through FHA, VA, or creative finance. These strategies are a Time Machine to an era where deals made sense in Phoenix.