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Updated over 2 years ago, 03/10/2022
Should a newbie start real estate journey with brrrr or rental?
Hello Everyone,
So great to be part of this great community.
Quick intro: i am an IT engineer with strong interest in building wealth through BRRRR and rentals.
Please provide your honest opinion:
I want to start my journey in this month and i have read books on brrrrr,rental properties and listened to podcasts.
I have some liquid and can afford properties in and around dfw with 100 ARV.
I am good with communications,engagements etc.
But as a newbie should i directly jump into brrrr or start with rental properties with decent cashflow and appreciation?
I read book by david greene on brrrr and understand all the technicalities of hml,contractors,inspectors,rehab costs.I researched multiple tax liens,pre foreclosure properties etc but again am i going in right direction ?
Please share your thoughts.