Hey Everyone, I'm a HVAC/Mechanical contractor in the Upstate of SC and looking to start building an investment portfolio using the BRRRR method.

I’ve read about strategies like house hacking but am not too enthusiastic about what it would take (also not very feasible given the current cash I have), also the ‘BRRR’ method, though I wonder if it might be too ambitious for my first property.

For my first property I'm going to use the BRRRR method and from there keep growing my portfolio.

Market cycles and long-term perspectives will continue, but local investors can build generational wealth by adapting strategies, being patient, leveraging smart financing, and focusing on long-term wealth-building.

With these methods, you would be able to reach a large number of sellers without necessarily spending too much per contact, as compared to direct mail.

The key is to move forward with what you have, learn from the process, and adapt along the way.

Other methods? 

Are you seeing more opportunities in residential, commercial, or alternative asset classes, and how are you adapting to these changes?

Case in point: I moved to Houston in the '90s, and at that time, Houston Heights was clearly a C area; today, it is considered A+.It’s really about developing a strategy that works for the individual and is adaptable.

Thank you,Aamna Hi Aamna - MTRs are certainly a newer thing and most DSCR Lenders (and pretty much all "conventional" or bank lenders) will be slow to adapt, however the more forward thinking DSCR loan providers have embraced it.I published an article here on BP just last year on the "next developments coming in 2024 for DSCR Loans" and MTR qualification was one of the main ones!