If all goes well, we'll use the BRRR strategy to get 2 more in 2018, and over the course of several years work our way to 30 doors.

Hi All,I'm wondering who out there has had success implementing the BRRRR strategy in the Midwest or in some other high-cash-flow area while living out of state.

Hey guys, I'm just starting out and have been doing a lot of research on strategies and ways to get started.  

@Miles StanleyI think it's a smart strategy looking for multiple sources of funding.A HELOC is a line of credit.

New to apartment building investor and would like to employ value add strategies to build equity and wealth,cash flow should be positive.But my main concern is to build equity and wealth.So my target should be mom and pop properties,but as far as I worked with different brokers and research different market,it seems this kind of properties are really difficult to find.Any experienced investor can share insight here?

He believes in me and is a fantastic father, and would only ask for his money back within the next 10 years, but if it is profitable ill give him 5-8%.Then after this is all said and done, I'm sunk in almost 70K and not sure if I'll be able to turn a profit.My two exit strategies are as follows:Keep it and continue to rent to friends of mine (college students) for a few years, then sell it.

I want to find real estate valued at $260K or more to make a 1031 work when I sell a current property a few months from now, so a few different properties to buy at once.Not looking for turnkey that sells at retail prices, but for properties I can build  25% + appreciation into with rehabbing that will allow me to refinance latter on to follow the BRRRR strategy.

Pick the strategy that most interested you and sick with it.

Most of the time they are a 1-and-done deal... but if it looks like a repeat buyer, both parties should plan for a long term strategy. 

I have the same REI goal as you (replace  W-2 income using Buy and Hold strategy).