Some of the wealthiest people in the world have used real estate cash flow to acquire their fortunes.

What should I do to continue to scale and acquire more doors? 

Good morning/afternoon/evening all,I am looking to use the BRRRR strategy on my first property but I don’t know how I will purchase it, what are the best ways a rookie investor can acquire the funds to purchase his first property?

BRRRR is about you and your ability to do the following.Raise / acquire fundsMarket to distressed sellersEstimate rehab costsEstimate the ARV of properties in your target marketManage contractorsHit timelines & manage large projects / employeesIf you can master all of the above the market is going to be irrelevant.

@Greg Scott I agree that the loss to lease should be higher at acquisition or the numbers probably don’t make sense to acquire the property.

I would be using a hard money lender (80% LTV, 10%, 1yr loan term) to acquire and then begin renovations and raising rents to market. and then do a VA cashout refinance or FHA and move into one of the units. so my risk is if the property will not hold its value or go down and I cant refinance and/or if my new tennat base will be able to afford the new rents ($950).My gut is telling me to stay liquid and see how this plays out but there's this FOMO (fear of missing out) side that thinks this will blow over and I won't have a deal.

I am an investor and my goal is to acquire smaller multi family properties (duplex, triplex, or quadplex).

Is acquiring a Section 8 Tenant a possibility where Uncle Sam pays the greater portion of the rent and even has tenants available for screening in some markets? 

I'm not strapped on capital and this would only require around $40,000 to acquire so it wouldn't inhibit my investing on future properties for the year.

I just acquired a 6-unit building December 31, 2019 on the south side of Chicago, the plan is to rehab and refinance so I have a one year short term loan.