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Updated almost 6 years ago on . Most recent reply

User Stats

8
Posts
3
Votes
Stephanie Simon
  • Rental Property Investor
  • Los Angeles, CA
3
Votes |
8
Posts

Newbie Rental investor interested in BRRRR

Stephanie Simon
  • Rental Property Investor
  • Los Angeles, CA
Posted

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.

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