BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 3 years ago,
Multi family real estate investing
Hey BP, thanks for taking the time to read my post! I'd like to first just lay a foundation for my question. I am a 22 year old married veteran with 2 kids and one on the way, currently living in Arizona, and I own a house cleaning business. I have extremely high goals in REI and plan to one day own 5-10,000 rental units. With that being said, I completely understand that we are still at the beginning of our journey and we have some stepping stones. I originally planned to find private equity to fund a 4-20 unit building and utilize the BRRRR strategy. I either haven't had much luck or haven't tried hard enough but we haven't found anybody willing to invest with us even though I have extensive real estate knowledge as well as capital myself to have some skin in the deal. We are saving to have the money if we need to do a VA or FHA and house hack for a while but are still open to private equity and giving an amazing deal to whoever invests with us. My question is, what should I be doing in the meantime to set myself up for massive success aside from just learning the numbers and my market? We will be going to the outer Tampa area so what should I be doing to stay proactive while I stack my bills for the next 6-8 months?