Seeking Recommendations and Connections for BRRRR

Seeking Recommendations and Connections for BRRRR

Member since 2020 · 8 posts · 0 votes

I am looking for recommendations and connections to pursue a BRRRR strategy for buy and hold. I have one SFR property in Memphis and have some connections there, although I would be interested in more connections in Memphis.

PREFERRED AREA/MARKET

My first preference would be continue in Memphis if I can find deals in the right property class, type and location. Beyond that I would prefer the Southeast (TN, NC, GA, AL, FL, AR, etc.). However, I am willing to consider other areas where the numbers work, where I can build a team, and where I can accomplish my goals. 

Due to budget limitations, I probably need to focus on less expensive markets.

I live overseas and it is still difficult to get notary appointments at the U.S. embassy where I live because of Covid, so currently I may be limited to states that allow notary services to be conducted via the internet, as TN does.

DESIRED PROPERTY TYPE

I am interested in SFR, duplexes or quads in at least a C+ neighborhood.

FUNDING

I have approximately $55-60K to get started, and I am also willing to use hard money if the numbers work.I am planning to pursue a BRRRR strategy in order to acquire additional properties over the next 5-10 years.

NEED

1. Recommendations for markets to consider.

2. Connections to help with leads for deals (investor friendly brokers and agents, wholesalers, etc.).

I appreciate any help you can give. Thank you!

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