Should your 1st investment be personal to start the BRRR method?

[Cheri Castro]

I'm trying to decide if my first property should be for personal to begin the BRRR method or if it's too much a liability.

I'm a W-2 employee (new construtction luxury property management) about 60 days from going 1099 (licensed real estate agent). I have about $50k in reserves to invest and 6 months worth of income to pay bills.

My business plan is to buy under $75k but my personal property would be $200k+ range. I have no interest in house hacking because it makes my daughter and husband uncomfortable.

Should I rent and start with creative lending?

Or will it be easier to get started to BRRR for personal then using HELOC?

[Brandon L.]

@Cheri Castro if you rent your first investment should be a home that you live in.