DIY has its advantages.

Hi Karma ( I, too, love your name), My first ventures into real estate investing began around 2002.

@Holly Ross not knowing the risks can certainly make this more daunting. 1) 50k wouldn’t be enough or a worthwhile venture because of the neighborhood class that would put you in. 2) borrowing money wouldn’t have an impact on your current mortgage since that’s already in place. 3) worst case scenario if you’re doing the BRRRR would be that you’re absolutely unable to refinance the property, at which point the lender would take the property and likely sell it to get their money back.

Your cash value grows tax-free (with proper planning), providing you with an ever-increasing resource to fund your real estate ventures!

I’d venture to say that I pride myself on finding creative solutions and opportunities for every single deal, even if it may not be evident at first, there is always a solution! 

I know this post is super old but if you need any help or looking to joint venture on deals would love to work together! 

@dan_redmond so you speak from experience, you have ventured into this type of method?

I did my first flip with only 2k, there are a lot of investors out there with capital and no deals, start networking and connect with these investors so when you do locate a property you can do a JV (joint Venture) with one of these investors.

DIY is not recommended.5.

Would love to joint venture if you come across any deals.