The slow-BRRR strategy, where renovations are done when tenants move out, is an effective way for new investors to reduce risk and financial pressure.

“Slowber can be a great strategy for this if you're new because number one, if you're buying something where there's already tenants, you're not using hard money like you would in a flip. And so if you're paying 6 and a half% on your mortgage instead of 12% on your mortgage, it takes a little bit of ”

Cosmetic updates, such as paint and floors, are the easiest starting point for new investors to gain experience managing projects.

“This is great for beginning investors because it gives you a taste of what it's like to work with a contractor, a subcontractor to get a project done and to manage that project.”

Controlling costs in heavy renovations is a full-time job that defines the success of a value-add investor.

“And a flipper's job or value ad investor's job is to go, how do I keep that cost at 100 bucks a foot? Because that is a full-time job to do that.”