Bought 2 rentals home - now what? Can I BRRRR out of state?

[Lynn T.]

Hi All BP members,

This is my first one after lurking on BP for quite sometimes now. I just got started in real estate investing.  After listening to BP and other real estate investing podcast and audiobook for one full year. I have gained some knowledge from podcast and on the forums as so many interesting comments and topics. I would like to learn more and continue to invest in buy and hold for passive income. I am now ready to take further steps doing some creative things and networking with people to achieve my goal.

A little bit about my background:

I am a real estate agent in San Francisco Bay Area helping homeowners as well as investors buy and sell their homes. That is my active income job. However, passively, we bought two rental homes in Fort Worth, TX last year through a turnkey provider. These small homes we are getting about $200/door of cash flow and got almost 1% Rent to Value. We like TX but I think we also like to explore other market as TX have been so pricey. We have not bought any rentals this year and that is somewhat bothering me. 

we start to look into Atlanta market. I would like to do BRRRR strategy - not sure if that is possible in Atlanta market? Any advice would be greatly appreciated. Our goal is to buy 2 homes/doors this year possibly before September.

We will be in Atlanta sometimes this month (likely 5/21) if anyone in the area please PM me.

Thank you and BP community rocks,

Lynn