All Forum Posts by: Jessica Schenk

Wow I appreciate all of the responses here. It's awesome to see people here are serious and willing to help with the knowledge that they have. This has been GREAT and I think that we are going to start with house hacking until we've gained more experience and capital like everyone mentioned.

Thank you all!

That’s a great point, thank you! Yes, most multi family homes are running around $150-230k

@Simon W. I appreciate the thoughts on Wholesaling. We do have steady jobs and about 20k saved up to invest.   

@Daniel Haberkost We are in Salt Lake City. 

So you’d suggest financing our first home and house hacking to generate cash flow for property number 2?

Hey everyone! My husband and I are new to BiggerPockets and learning about real estate investing. We have bought multiple books and listened to podcasts and we want to match all of our learning with legit actions. What has resonated with us the most is using the BRRRR method to acquire rental properties and building our portfolio that way. Only problem is we're in our early twenties (23 and 24) And we don't have a big stack of cash sitting around. We're trying to learn some ways we can actually start instead of feeling like we don't have the capital so we're limited for the next 5 years.

We’ve thought of doing some small scale flips/wholesaling to gain capital or using a hard money lender for our first BRRRR project but aren’t sure if financing the first property is the best route. Any advice or outside tips for taking action within our means right now?