I'm a new Member to Bigger Pockets. 

Hi @Jasmine Thermitus welcome to Bigger Pockets and congratulations on getting started on your real estate journey!

We are BRRRRing it and we’re originally going to rent traditionally, however we decided to look into it as an Airbnb, and when we put in current loan rates which will be near or at 7% when we are ready, we’d only cash flow about $150 a month 😱, but as an Airbnb our projections are around $1,300 cash in our pockets monthly. 💰 At this point is a no brainer 🧠 and we know if it doesn’t work out or we don’t like doing it we can always revert to a traditional rental. 

@Richard Welcome to Bigger Pockets!!

Quote from @Martti Eckert: Hi Bigger Pockets community -I am interested in pursuing the BRRRR strategy in one of several Ohio markets this year.

Unless you've got deep pockets, a thirst for the edge, and are lawyered up it's probably not something you want to attempt. 

Also, I am so grateful for the Bigger Pockets podcasts and tools/resources because a lot of what I've learned or clarified has been from listening to you all.Thank you for your time, and I look forward to learning from or working with you all!

To you there was little change, you just keep paying your note but now own 123 Main St instead of 345 Side Way, and you have your equity as cash in your pocket from sale 1. 

That means an 800K purchase and a 200K rehab (1 million invested) can result in a 400K tax credit that results in 360K CASH back in the pocket of the investor.  

Hello Bigger Pockets!