All Forum Posts by: Mason White

My husband and I are looking to make our first real estate investment and want to make sure we choose the best method before diving in. We've been listening to the Rookie Real Estate Podcast and are strongly considering the BRRRR method, but we wanted to get some input from experienced investors before committing.

Here’s our situation:

• We’re expecting our first baby in less than a month (exciting and nerve-wracking!).
• We both have stable W2 income but also some existing debt.
• We currently own a home in a gated neighborhood near a lake, but the HOA does not allow short-term rentals.
• We’re considering moving to a fixer-upper in a college town about 30 miles away, where both short-term and long-term rentals are in demand.
• We don’t have a large amount of cash reserves for a down payment, so leveraging our current home or another financing strategy might be necessary.

Our main questions:

1. 1. Should we sell our current home to fund our investment, or keep it and pursue another financing option?
2. 2. Is the BRRRR method the best fit for our situation, or should we be looking at other strategies?
3. 3. Any advice on getting started with minimal upfront capital?

We’d love to hear from those who have been in a similar position or have experience investing in college towns. Any insights would be greatly appreciated!

Thanks in advance!