My idea for getting started

[Eric Melin]

Hello all, I'm a newbie from the Denver area. I'm just getting started in the research/education phase of my career and thinking about what niches I'd like to focus on. 

I eventually would like passive income and am leaning toward retal properties and buy/hold. However, just starting out I'm thinking about getting started with flipping. Reason being, it would give me a lot of experience finding and analyzing deals, buying, selling, rehabbing and building solid relationships with lenders, agents, contractors etc. Then after gaining some experience with buying/selling/rehabbing I figure I'll add landlording to the toolbox and build relationships with property managers with the goal of working toward something more hands off.

Does that all sound like a good way to get into this game? I'm open minded. Any suggestions are welcome.

[David Espinosa]

I'm not too familiar with the Denver market but you can use the BRRRR strategy almost anywhere. You buy a property like you were going to flip it except at the end you put tenants in and refinance it to pull out all or most of your capital to do it all over again. Even if you have to leave some capital in you can usually get an awesome rental for less than the 20% down most lenders require.