Listening to David Greenes BRRR and am stuck on what to purchase

[Matthew Metros]

In David’s book he said before you establish a team, you need to establish what you want to purchase in real estate. 

Unfortunately, I found that he didn’t explain how to figure out the type of real estate that works for you or at the very least the frameworks and variables required to arise to some conclusion.

Posting in here for guidance. How do I know what real estate properties I should be looking into. Or at least how do I gauge this. I understand that it depends, but a framework for figuring this out would be very helpful.

This is the point that I am most stuck on right now. Do I invest in multi family or single, and so on...

I'm 25 and have never done this before. I have 30k cash that I would consider putting down to start the BRRR journey. My salary is in the 6 figures.

Outlining this to provide additional context in hopes that it gives responses more guidance.

[Taylor L.]

Just as a thought - living in Puerto Rico you have a fairly unique set of circumstances. Have you looked at vacation rentals? With the drastic fall off in vacationing due to Covid I expect we'll see some distressed sales on vacation rentals.

I prefer multis because you have more units in one place, more streams of income, economies of scale, and many other benefits. Singles have their own pros and cons. You, naturally, need to make the decision for yourself. I'd keep reading, finish that BRRRR book, and make your next read something about single or multifamily investing.