BRRRR Newbie looking for my first investment

[Gilad Lifshitz]

Hi All,

I'm new to real estate investing - I am looking to dip my feet in the BRRRR waters.

I am currently researching relevant markets to invest in - me and a good friend (who is an experienced GC) are looking to partner and start with a low amount as we are less experienced - we're looking to invest about 100-150K from our own capital (maybe take a small loan on the investment. Also - this includes both purchase price and rehab costs).

Any recommendations on which markets to focus on? 

We were thinking either on Ohio area (seems to be within the budget) or perhaps Atlanta area / SC area (seems a bit over the planned budget)

Any thoughts/suggestions?

TIA,

Gilad

[Tyler Fontaine]

You most likely would be able to increase your buying power if you use hard money or private capital. $100-150k is a good amount to secure a loan for the purchase/rehab, have reserves, and so on.

Also if you are new to it I think it matters more with who you use as boots on the ground if you're going outside of your market that you know. So definitely look for a good market but be sure you find someone reliable that you trust to run the play with you.