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Updated almost 6 years ago,
Newbie in Orlando FL - Interested in BRRRR and House-Hacking
Hello BP,
I've been interested in saving and starting some sort of passive income for the past few years, and have recently stumbled across the strategy of holding long term rental properties. This is the first idea that has really stuck with me as exciting and feasible, although still challenging. I don't have any experience buying houses or connections with realtors, brokers, etc. I do have experience and connections in construction.
Any advice on where to go to make connections in the area with like minded individuals and potential partners/team members? Or just general advice for a newbie other than reading a lot?
My main interest at the moment is house-hacking with a small multi-family. I'd love to find something that needs some work and I can scoop up at a good deal to build equity in with a rehab. I don't own a home currently so it seems like the logical first step. From there I'm interested in BRRRR with single family or small multi-family homes.