Looking for First Rental (BRRRR) and Eventually Scaling Rental Portfolio

[Spencer Ampofo]

Hey BP, I am a fairly new investor. I have done 1 SFH flip about a year and half ago in Maryland. For that flip, I was pretty hands on and learned a lot about renovation and construction as it was a full gut. No expert but I think I have decent practical experience now.

My current goal is to get my first rental property(BRRRR preferably not opposed to turnkey). I am currently looking for cashflow to start out and trying to be a lot more passive than active. This is why I am also looking at OOS for my first property preferably in the Midwest or any area that has a lower cost barrier of entry with decent cashflow.

I am looking to connect with anyone to help build my team (realtors, property managers, lenders, etc.). Also looking to connect with any investor that can possible mentor me and give me some guidance on what to expect when building an OOS rental portfolio and scaling.

I have been doing a lot of research and learning but now just looking to get started and jump in!

[Edward Dean]

If you are in the DC area, I would recommend listening to the podcast episode 356 with the guy who BRRRR's in DC with the goal of getting Section 8 tenants in. Not the out of state strategy you are looking for but food for thought if that's an area you are already in.