Starting out + choosing a strategy

[Danny Goss]

Hey guys! I joined after reading 5-6 of the BP authored books and I've loved growing my understanding of the world of real estate investing.

I made my first investment this summer and my family is partnering to make a few investments in the next year. We're currently deciding whether we'll want to go with a BRRRR vs. turnkey duplexes. Clearly there's a lot more ROI and work for a BRRRR.

After finishing David Greene's BRRRR book and combing the forums, my impression is it'll come down to building the right team and doing our due diligence on finding and analyzing deals, estimated ARV, rehab costs, and rent /demand for an area with the most conservative estimates. I'm looking to understand how the Columbus market may stack up for opportunity in BRRRR's. I'd love any insights for those who are familiar.

Thanks!

[Remington Lyman]

Quote from @Danny Goss:

Hey guys! I joined after reading 5-6 of the BP authored books and I've loved growing my understanding of the world of real estate investing.

I made my first investment this summer and my family is partnering to make a few investments in the next year. We're currently deciding whether we'll want to go with a BRRRR vs. turnkey duplexes. Clearly there's a lot more ROI and work for a BRRRR.

After finishing David Greene's BRRRR book and combing the forums, my impression is it'll come down to building the right team and doing our due diligence on finding and analyzing deals, estimated ARV, rehab costs, and rent /demand for an area with the most conservative estimates. I'm looking to understand how the Columbus market may stack up for opportunity in BRRRR's. I'd love any insights for those who are familiar.

Thanks!

It seems that you're located in Columbus, Ohio. Have you thought about doing a house hack? I believe this approach provides the best cash-on-cash return when starting out.

I began investing in Columbus in 2017, and I've engaged in both BRRRR strategies and turnkey investments. I recommend starting with more turnkey properties since they are generally easier to manage. This approach will help minimize the potential financial risks associated with renovations and working with contractors. Once you've gained enough experience, you can transition to more BRRRR projects.