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Updated over 5 years ago on . Most recent reply
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Newbie Rental investor interested in BRRRR
Hello everyone!
My name is Stephanie. I have not invested yet but I do (somewhat) manage my father's rental property.
At this point I want something of my own. I'm going to invest in rental property. Looking into BRRRR in Nevada but don't know what part. I only say Nevada because Los Angeles is expensive and it's just a 4-5 hour drive away.
I currently have 20k saved and am researching my options. Multi-family would be ideal if possible but I know I have to start somewhere so I'm also looking at SFRs.
My goal is to gain enough cash flow to be financially free in the next few years. I had a baby 8 months ago and was told I need to slow down and focus on raising her but this has always been my dream. At the end of the day I want to leave a legacy for her.
I'm very eager to learn and am open to any feedback/suggestions that anyone has to offer.
Blessings.