All Forum Posts by: Trevor Jaworski

@ Sophia Cao just shot you a pm

I’m looking for some advice from experience BP community :D

I'm currently stuck in analysis paralysis and am trying to decide which vehicle I want to use as a first investment. So far I have it narrowed down to two options that I can use. I am working on limited funds <$10,000 and am looking into the BRRRR strategy (but would need to use a hard money lender) or use a conventional FHA loan with 3.5% down payment on a duplex and house hack.

What are your experiences with both options, and what are your feelings on them for a first investment property? I am looking in the Pittsburgh area where duplexes are in the $100k-$150k range and single family homes that I would use the BRRRR strategy on range from $50k-$70k with an approximate ARV of $120k.

All input is appreciated!

@Matt Pastier congratulations on a successful BRRRR! I sent you and colleague request, I'd love to see who you used for contractors and get some input!

@Kevin Wilson Thanks for the well wishes! I am still in the knowledge portion of the process but don't want to over analyze and stay here too long. From what I've seen I have been stuck between house hacking and using a hard money lender to purchase a property and BRRRR it. I kind of feel like house hacking is "safer" so I want to go the hard money route so there is some pressure on the first property and there isn't room for slacking in any areas, kind of a self-check. Best of luck in all of your endeavors as well!

Hello BP Community!

My name is Trevor and I am a 25 year old mechanical engineer in Pittsburgh, PA (specifically the south side area). I have been working the past three years out of college as a Project Engineer with an oil and gas company and have recently gotten into passive income after reading Rich Dad Poor Dad (which probably seems like a broken record story at this point). I have been involved in the stock community for the past 6 years, but have fallen in love with the idea of real estate investing. The difference I've found to be most attractive is leveraging myself, and instead of making a deposit and waiting, I can actively analyze, rehab, and interact with people in order to improve or change the outcomes of investments. I will be starting my journey by incorporating BRRRR strategy with hard-money lenders. All input is much appreciated and I would love to get in contact with some fellow investors from the region. I have all of my social contact info in my profile or feel free to connect with me on here and we can get chatting!