I'm new to investing and want to learn more!

[Sara Habtom]

When it comes to BRRRR method do you put your own money down or do you get someone's money? If you need capital to start how much would you say the minimum someone should have saved?

[Randy Rodenhouse]

If you are new to investing I would not start out with the BRRR method especially in today's environment. Here is why?

You have to buy the property right and at a low enough price, you have to renovate the property and there are sooo many things that can and do go wrong with the rehab process. Then, if you get the renovation done successfully, you now have to find a good tenant. Then you have to manage the tenant and deal with maintenance and repairs. Now after all that, you have to go to a lending institution and try to get a loan and there are many requirements (as explained above) making it difficult to get that loan.

Wow! So many moving parts.

Even just doing one of those is hard enough, but now you have to be an expert in finding discounted properties, rehabbing properties, rental and property management, maintenance, and raising capital and getting loans.

The BRRR strategy stacks the odds against your success when starting out.