Hi there!
I'm looking to start the journey of real estate investing and read David Greene's Book on BRRRR investing and I'm sold on that strategy.
Of course like most new investors, the biggest hurdle is buying the first one in cash. I currently have $61,000 in cash saved (after doing a Cash Out Refinance on our primary property when rates dropped like crazy).
But I also have about $28,000 sitting in index funds after investing for a few years (I'm 26 now).
My question is, do I
1.) Try to get started in BRRRRing with my initial $61,000?
2.) Continue saving until we have more capital and potentially give ourselves more options for properties that come up?
3.) Take out the $28,000 of my index funds (knowing I'll have to pay taxes on the gains), add it to my $61k for a total of $89,000 and BRRRR with that?
I can see the pros and cons of all these options and would love some advice from the experienced investors out here!
Love this community!
Thanks!