All Forum Posts by: Alex Gatchalian

One additional item is that I am planning to move out of my current residence no matter what, so will need to rent/buy for that. Ultimately I think that a BRRRR sounds like the route I want to take, but think maybe starting somewhere else could be less risky so I can get my feet wet first.

I just found BiggerPockets and am glad I did. Great content and community. I have consumed a massive amount of podcasts and am excited to take the next steps, but am having trouble deciding the next step to take (strategy). I am lost on which avenue to take from the options of house hacking, buy and hold (short-term rental), buy and hold (mid-term rental), buy and hold (long-term rental), BRRRR, flipping, etc. Some other information is that I have $75K liquidity and $140K of equity built into my current residence at a 2.625% interest rate. What would you do in my shoes? Ideally I have skin in all three options for buying and holding as well as BRRRR down the road (diversifying). Thanks!

Hi everyone, excited to get started! Specifically with BRRRRs and building up a solid portfolio of hidden gems. If anyone has any tips or tricks to a first-timer, feel free to leave a reply (especially curious about standard practices for identifying deals). Looking forward to diving in the curriculum.