I would be actively involved in these flips: finding the deals, analyzing the deals, writing up the offers, doing some work myself (I'm semi-handy), working with contractors, and eventually selling the properties.Naturally, I started the hunt for properties!

I think it is a great long term strategy.However, I am also a value investor and I follow Warren Buffet's methods and I only buy when I see value.

It's great to hear that the method works and can be used for multiple properties.What's the thing you remember most about investing in the first property?

I'm curious about using the BRRRR method and how the bank preapproves an investor with multiple mortgages.

@Julie NearingHi Julie  for the most part it all comes down to which method (operating as a triplex or as a fourplex) is producing more rents/income.

@Terence Hyacinth  agreed:  most transactions in NS will involve more hassle than profit.  

Best case scenario, this could snowball into financial independence for everyone involved. 

I know people use all kinds of methods and formulas and all kinds of acronyms to try to figure out if you're getting a good deal! 

When we bring in a subcontractor such as a plumber then we use the same method you use.

@Abel Rodriguez Make sure you know what's involved with Sec 8 rentals.