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Looking to invest into rental properties. Best way to approach?

Hello I am 22 y/o and looking into investing into run down rental properties in a nearby town and wanting to know how I would approach this. I also just started working a 9-5 after graduating but wanted to try and look into more sources of income and building it from there. With the help of my family they would be able help me get started with my first property and buying it looking around the 40-60k range and then remodeling and renting out to tenants. I am still living with parents as well. Would this be considered the brrrr strategy? Not sure since what would be the best option since the brrrr method is typically when taking out a loan from the bank/credit union, remodeling, renting out and then repeating. Would I be able to still take that route for buying my first rental home?

submitted by /u/ResearcherNo4208
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source https://www.reddit.com/r/RealEstate/comments/15e7xxs/looking_to_invest_into_rental_properties_best_way/
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