In order to identify whether a property makes sense for the BRRR method, find a property you are interested in purchasing and see what the newly renovated homes sold for in the past 6 months.

But it all depends on the deal, how fast you can finish renovations, find a buyer, & close.If you’re just looking for long term wealth, then you could do a BRRRR, buy another property and continue on that path.With $40K you could even invest passively in multifamily syndications, and over a 3-5 year period get over 100% of your money back on average.Now every deal is very specific to market conditions & the operator of the deal, but nonetheless, syndication is an easy way to build wealth.With everything going on right now in the economy, I would be weary of jumping right into real estate without first having a SOLID foundation of knowledge in how to accomplish these investments.Things are changing rapidly in the real estate world, and if you aren’t prepared, then you’ll be washed out and broke in no time.You’re welcome to check out our website which explains everything you need to know about multifamily syndications and the market.All in all, if I were you, I would do some more research on whatever method you choose and then become the expert in that niche and your local market before jumping into anything and spending $40K.

It all started with rich dad poor dad, since then I’ve consumed numerous hours of BiggerPockets Podcast & Get Rich Education.

Ideally, I will be using the house hacking method so I would like to purchase a duplex/triplex.

Hey team,I do my own research for getting properties I was looking for new method to get in contact with properties owners.

I would lean towards the BRRRR method just because fix and flips during this time is risky because of values potentially going down further.

This method is super conservative - but does protect you. 

What do you think is more effective marketing method for getting leads in 2020, your online method or your mailers?

@Duke Giordano I think that it's good and I'd be in favor of using the Bank on Yourself policy as a funding method for real estate deals.

We love the BRRR method.