I have gained insight from their experiences and am excited to begin my own REI adventure.  

I am interested in using the Brrrr strategy to grow my buy and hold portfolio and need help.I have spent quite a bit of time reading the forums (and many other sites/tools) to gain insight into southside suburbs and neighborhoods, but the process is just too slow.

With that being said I'm looking forward to seeing what I can gain from BP.

, and online forums to gain enough confidence and knowledge for future endeavors in real estate.

HI All-I've been listening to podcast and gaining a lot of knowledge!

, but i ran the numbers and after that it didn't look so appealing, and if you were to factor in capital gains and other fun government taxes, well, i don't think it's a good option, and there are for sure better ways to exit.The numbers play out like this (not considering taxes, capital gains, and other factors, i was just trying to play around with the idea and keep it simple for the start):Your NOI: ($119,160 + $30,000)  - $70,000 = $79,160 or $2638.67 per year for 30 years and $219.89 per month for 30 years when you factor in the 30% down into it ($137 per month for 30 years)Cap Rate: 2633/70,000 = 3.76% per year for 30 yearsCash flow: $331 per month for 30 years but only $137 of that would be profitROI: 2.33% without the 30% down factored into it (3.76% with the 30% down factored into the calculation)Total ROI = $79,000/$70,000 = 112.86% over the course of 30 yearsConclusion:Well, from what i see here, the problem is the interest rate used.

I am eager to get started in real estate and am thinking of becoming a real estate agent to gain knowledge and work for myself while I develop the investment side.  

Best bet in this situation is show how you can add value and capitalize on it so that you can gain experience....

I am not trying to be difficult, just making a point, think about the value proposition you can gain on this for yourself or for someone else at this price point.  

Now I am here to learn more and hopefully gain a few more properties.