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Updated over 7 years ago,
Pivoting BRRRR Strategy - Advice Needed
I will make this quick and hopefully easy to understand:
80K liquid saved for investing: WAS going to purchase house for 50k, rehab, rent, refi and repeat. Not finding any properties that meet my criteria. I live on Long Island NY.
I have the opportunity to invest in Charleston SC in condos that are asking 117k. Have family in real estate down there.
I am worried I can't scale up quickly enough going with these condos than what I could do with the 50k props and BRRRR strategy.
Any advice would be appreciated!
-Matt