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Updated over 1 year ago on . Most recent reply

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Susannah Nation
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Succeeding at BRRRR long distance AND without any knowledge/skills of renovation??

Susannah Nation
Posted

I'm a new investor (0 deals), and we live in Marin County, in the SF Bay Area. We are homeowners. We also have a couple hundred thousand dollars in liquid assets to invest, plus time and motivation.

Seemingly our smartest place to start is investing long distance. However, neither of us has any knowledge or skills of renovation at all. Is it reasonable to attempt BRRRR long distance, knowing we'll be 100% relying on contractors we've never met? The alternative seems to be purchasing locally, which is ... insane.

I should also note that this wold be just me (a woman) managing all investment and rehab, which complicates things even more, if you've ever dealt with a contractor. 

Most Popular Reply

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1,473
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Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
1,990
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1,473
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Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
Replied

@Susannah Nation
I typically recommend starting with more of a turnkey rental or very minimal work needed on the first one and once you are comfortable with your team, branch out and do something with more value-add. 

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