New Here :)

[Mic Salvador]

Hi BiggerPockets Community!

My name is Michael, and I’m excited to join BiggerPockets and dive deeper into real estate investing! I’ve been studying real estate for the past few months, reading books and absorbing as much as I can. I feel so fortunate to have found BiggerPockets, as it’s been a goldmine of information and resources.

Currently, I'm leaning towards the BRRRR strategy as my primary niche. Living in Southern California, I realize the market here is quite expensive, and I'm not sure if it's the best place to get started. I'd love to hear from experienced investors: do you think it's possible to do BRRRR in a high-cost area, or would you recommend looking out of state?

Additionally, what’s a realistic amount of capital needed to get started? I know this can vary, but any ballpark figures or advice on funding options would be helpful. I just finished Brandon Turner’s Investing in Real Estate With No Money Down and learned a ton, so I’m open to creative financing ideas too!

Thanks so much for any insights you can share. I’m eager to learn and grow in this community.

[Kerlous Tadres]

Quote from @Mic Salvador:

Hi BiggerPockets Community!

My name is Michael, and I’m excited to join BiggerPockets and dive deeper into real estate investing! I’ve been studying real estate for the past few months, reading books and absorbing as much as I can. I feel so fortunate to have found BiggerPockets, as it’s been a goldmine of information and resources.

Currently, I'm leaning towards the BRRRR strategy as my primary niche. Living in Southern California, I realize the market here is quite expensive, and I'm not sure if it's the best place to get started. I'd love to hear from experienced investors: do you think it's possible to do BRRRR in a high-cost area, or would you recommend looking out of state?

Additionally, what’s a realistic amount of capital needed to get started? I know this can vary, but any ballpark figures or advice on funding options would be helpful. I just finished Brandon Turner’s Investing in Real Estate With No Money Down and learned a ton, so I’m open to creative financing ideas too!

Thanks so much for any insights you can share. I’m eager to learn and grow in this community.

Hey Michael, 

Welcome to BP! The biggest thing you should do is figure out which market you are trying to invest in and do some heavy research in that area. From there you build your CORE 4 which includes a great realtor, contractor, property manager, and attorney. If you have not invested before and you want to get into BRRRR's, you need to find someone to partner with that has experience and see how you can provide value to them.