Looking to invest in markets with 1% cashflow in B-/C+/C areas. Want to build a team!

[Abe Rouz]

Im looking to start building out a team of a real estate agent, property manager, lender, contractor/handyman to start buying 2 to 4 families in markets that meet or exceed 1%. Open to cosmetic rehab and even BRRRing. Would love to connect with like minded people to create longevity. 

Thank you!

[Melissa Nash]

You can hit close to 1% in C class areas and not do any of the work you are mentioning. I buy in areas like Birmingham, Ohio, Little Rock and can hit pretty close to 1% in nicer B class areas and all the work has been done already. I also completed 2 in Memphis where I bought them unrenovated with a HM lender, contractor & PM in place that did it all. I would highly recommend starting with a more "done-for-you package" in place for your first couple properties in another state, unless you want to create a 2nd job for yourself and risk not being local. Then once you have this market and team in place you can try going on your own. I've been in this business for over a decade and I have gotten taken advantage of doing this in another state and I know what I am doing. Its really hard- but that doesn't mean you should give up and not invest, it just means that you might need to start with less risk and buy done-for-you where its already done and ready to go. happy to help! best of luck