BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 4 years ago,
Best Way to Passively Fund Rental Deals
After a year of real estate research, trying to find deals, almost closing on a deal, trying to find anyone (realtors, hard money lenders, contractors, etc) that want to work with a newbie, all while trying to keep up with my full time job and family of 6, I think I'm moving on. . My main goal with real estate was to retire early (10-15 years from now), and to have steady rental income as a substantial party of my retirement. I have a good job and a good chunk of money that I had saved up to put into real estate. So, at this point I'm considering doing turnkeys or just sticking to the stock market, but am wondering if there is way way to to find and finance people or groups that are already successfully BRRRRing or doing vacation rentals? So, my primary contribution would mostly be the funding, otherwise would be fairly passive. I would love any advise that anybody could give! I've looked into providing hard money lending, but I don't think it fit's into my retirement or tax strategy the way owning rentals does, and I don't quite make enough to qualify and get into syndications. Also, is there a better forum category to post this question in??