Hi BiggerPockets Community,I've got 200,000 earmarked for investment, and I'm looking to dive into the BRRRR, or the Fix and Flip strategies, My focus is rather on a few smaller properties in upstate New York—think Orange, Sullivan, Delaware, Ulster counties, and the scenic Borscht Belt,Any tips or recommendations?

On the other hand, Option 2 with the BRRRR strategy entails owning a single property outright, building long-term equity, and potentially cashing out through renovations, but it's a slower ride, relying on successful renovations and favorable refinancing options, and you're starting with just one property, which may limit your income potential.

However I have done residential real estate deals in 13 states using various exit strategies and my main advantage for this project is that I own a GC company within range of the property with experience handling large scale projects.

@Shane Duncan are there 401k or other fund like life insurance policy you can tap into?

Hi all,I am looking to shop for some building insurance quotes for a few rental properties I have located in Chicago.

Typically, when funds acquire loans, they assume delinquency/default risk in exchange for earning a yield on their investment.Yet this would work differently – it’s a request to purchase debt alongside a corresponding put option/insurance policy.From the buyer’s perspective, as long as the seller remains solvent, with sufficient liquidity for any exercised options, it’s a risk-free investment.

Sure, learn how to calculate returns, but also figure out your investment strategy, and even make your own spreadsheets to calculate the numbers that you want. 

We advise our clients to use other strategies that we provide, that are more effective, for people willing to put a little new thought into investing.

Mortgage, including insurance, escrow etc. is $589.

Investment properties:What is my investment strategy?