Planning My First BRRRR - All Cash or Finance

[Lucas Schlund]

I have been learning about real estate and investing for about a year now. I have bounced around between various plans and strategies that I want to pursue. Finally, I realized I just had to commit to one, and I landed on doing a BRRRR.

My question is - Does your first BRRRR need to be all cash or can you finance it? I am looking to invest in single-family home in the Detroit / Metro Detroit area. My goal is to save up 80k cash and get into a deal that I can cover 100% with my own cash.

Currently, I have 30k saved up, do I just keep saving until I have enough cash to do my first deal? Or are there other options involving financing that will help me get my foot in the door sooner?