200K Cash, 1st time investing, BRRRR, what would you recommend?

[Farzad Nejad]

Hello everyone,

I have $200k cash and I would like to invest in a flip (BRRRR). My initial thoughts are to go to auctions, buy under max $75K in areas where rents are above $2K/mo for 2br 2ba. Then renovate, rent, refinance, repeat.

This will be my first investment property. I’ve managed multiple commercial and residential properties for a couple years and am ready to move forward in investing for myself. I have experience with renovating, renting, and managing. I’m also a licensed real estate agent.

Would anyone like to share their opinions of other options I should consider or would like to share their thoughts on the matter?

Any insights or advice would be much appreciated and helpful. Looking forward to hearing from you! -Farzad