Advice to buy first rental property 800 credit score/$20000 cash

[Elizabeth Cardona]

I would love to hear any advice about starting my BRRRR journey. 800+ credit score with $20000 cash.

[Reece Iovine]

I'd say in addition to what everyone has said, don't over think it. Real estate is such a simple business easily defined income and expenses. That does not mean it's easy but simple to understand.

Buy for cash flow in a neighborhood that has a good chance of appreciating. Work with a good INVESTMENT agent in the area you want to buy in.

Here in columbus ohio if you tell me you want 10+% cashflow and value add and have 20K, I'm going to recommend you house hack and put 5% down and do some light cosmetic work while you live on one side for a year in a B-C neighborhood.

Not much can go wrong when you buy a 150K duplex that you are living in as long as you run your numbers and do your due diligence :)

It won't be a home run but gets your feet wet and you'll learn a lot and buy better and better deals as you go.