Hi BP family.
I’m an aspiring investor looking to move my family forward and provide the best life for my daughter and I know that real estate is going to be the way to do it.
I’m based in the Broward County, Fl market, and my situation is a bit different than most, I assume. I have relatively low bills and make a relatively good income (6 figures.)
Now for my question, due to my situation I'm able to save up a lot of capital to get started and put down 20% fairly quickly without taking out a private loan. Which is what I prefer until I get my feet wet. I would prefer also, to do the BRRRR method, to get my money back for property #2. But my fear/analysis comes in: I'm afraid to make a "bad deal" and not be able to get any money back from my first property and be forced to save again for property #2. I'm not looking for a home run on the first one. But if I can make a couple hundred dollars cash flow and get back the money I put into it to get it, that's all I would expect. Can my lovely new BP family help "push me off the ledge" and go do it? Where is my thinking wrong here?
Thank you guys!