Updated over 5 years ago on . Most recent reply
BRRRR Partnership Cash Provider
Hey BiggerPockets, I have been debating back and forth of whether I should BRRRR myself or if I should be a Cash Provider?
I have seen posts of people saying it is some what difficult to BRRRR successfully if you are busy all the time and looking to invest out of state.
Would it make more sense to become a cash provider if I work a full time job, have a good amount of cash saved up and have an excellent credit score with minimal debt?
Most Popular Reply
@Marcus Palm
I personally do not recommend renovating from afar if you also have a 9-5. It is extremely difficult and risky. You definitely would want to go to the property and meet the contractor and also have someone else managing it for you with boots on the ground. While it can be done and many do it, it’s not easy, stressful and risky. If you have the cash to be a private lender I would do that all day long.
Just my 2 cents and opinions will vary of course based on individual needs and experience
- Chris Seveney
