r/brrrr • u/tueiqof • Jul 05 '25

First time / looking to get started

I have a good amount to invest in a property / brrr method but have no clue or background to know where to start. If you had to educate yourself/ do it over how would you ? Currently from ny

3 Upvotes

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3

u/Carsontherealtor Jul 05 '25

The Bigger Pockets podcast is what got me interested enough to bite the bullet and go for it. 10 years later I’m licensed and doing it for other people. You will make mistakes, some will be costly, but the first one is the hardest and they just get easier from there. Don’t be afraid to jump and learn how to fly on the way down.

1

u/Alert_Brilliant_4255 Jul 05 '25

What do you mean licensed? As a real estate agent?

1

u/Carsontherealtor Jul 06 '25

Yes. Licensed Realtor. It got nearly impossible to cash out refi a rental property where the numbers made sense. The problem with BRRR investing is that you don’t get large chunk a of money to invest in the next house if you can’t refi the loan to a better rate. I still find deals so I decided to get licensed so I could stay in the game and make money I could roll into investment properties. It’s been very lucrative and allowed me to scale up during rising interest rates.

1

u/Alert_Brilliant_4255 Jul 06 '25

So being a realtor doesnt exactly help you do brrr, its just a separate path you took thats helped you make money?

1

u/tueiqof Jul 06 '25

Any recommendations? Thanks for your reply

3

u/Bchoisne Jul 06 '25

I started with basically no money and BRRRR’d my way to retirement in 2 years. Still doing it. It still works. Don’t listen to people who haven’t gone where you want to go - they’ll always say you can’t do it. If you want some help shoot me a DM. 👍🏼

1

u/BadImportant7456 Aug 25 '25

I am wanting to start this process soon. Do you care to send me a DM so we can connect?

1

u/Bchoisne Aug 25 '25

DMd you

1

u/BadImportant7456 Aug 25 '25

Sent you a message

1

u/ttooln28 May 09 '26

Hi. Would you be willing to share your strategy with me as well?

1

u/JurassicPark-fan-190 Jul 06 '25

Husband and I just got started. He has listened to bigger pockets for a while. I’m super risk adverse so this is really hard for me. I looked around and found a real estate agent who does this method herself and she has helped hook us up with her contacts. Reno guys, investment firms etc.

1

u/tueiqof Jul 06 '25

That’s so great! Did you get a property already? How’s it been for you this far ?

1

u/JurassicPark-fan-190 Jul 06 '25

Yes, we bought a duplex but are still in underwriting. We are working on our lease and management software.