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Updated over 8 years ago,
Alaska investor
Hello BP world. I am a newer investor. I am very thankful to have found this resource and appreciate any feedback from experienced successful investors. It's hard to believe we have made it as far as we have without it. My wife and I are planning our next move and our future goals. It is very exciting! We are about to close on our 2nd and 3rd properties. All of our properties will be 4 plexes on conventional mortgages. I am currently working on a oil drilling rig (I am over hard labor) and want to take advantage of as many conventional loans as possible before I quit this fall. I plan on starting up a general contracting business again to generate cash by working for ourselves on flips and the BRRRR strategy. I am going to be hands on at first until I build a solid construction team and then transition into a management role. My wife and I are also planning on getting our real estate liscences soon. Does anyone have any experience or advice pertinent to any of our plans. We would use a construction loan and build a 4plex for our first new build. We have the plans and land ready to go. We are not sure whether to build new or find a good distressed multi family and use the BRRRR method. Thanks again.