Using BRRRR method for beginners

[Antonio Bodley]

I have a few questions about this strategy. For a beginner with zero experience with BRRRR method, is it best to steer clear of this investing strategy if the investor has zero out of pocket money to come up? This means no out of pocket money to pay down just to get hard money, no 401k, and no friends and family to turn to. There is also the rehab step to BRRRR method. Let's say the investor knows nothing about rehabbing a home or what all needs to be rehabbed to make the house look move-in ready condition. Who is going to pay the contractor if the new investor is not physically fixing up the house themselves? I have never tried this BRRRR method for myself.

[Jon Kelly]

@Antonio Bodley there are so many ways to respond to this post... 

Forget the BRRRR method for now. You need to understand the basics of real estate investing. I'd suggest reading: "The Ultimate Beginner's Guide to Real Estate Investing" from BiggerPockets.

Real estate costs $$$. Doesn't need to be your money, but it needs to come from somewhere. Look into various ways to fund deals (e.g. your own money, traditional financing, hard money, private money, partnering, seller financing, etc.). 

Network with investors or agents in your area and learn from them.