How to succeed with out of state BRRRR as small time investor

[Daniel Soovajian]

Hi everyone,

With my first out of state buy and hold rental property under my belt as of a few weeks ago, I'm planning a BRRRR for my next investment in mid/late 2019 and and am curious to hear BP's feedback on a few hurdles it seems like I'll face, given the approach I have in mind for continuing my real estate journey.

I've really enjoyed my real estate journey so far but I have a solid W2 job, enjoy the work, and am not interested in grinding out 100 hour weeks to build a real estate empire as quickly as I can. So for the foreseeable future, my W2 job will remain my primary focus and I'll be a part time real estate investor (maybe 10 or so hours / week). 

Taking this approach seems like it will put me at a pretty serious disadvantage compared to other investors though - primarily from a volume perspective (i.e. investors closing 5, 10, or 15 deals a year would command more attention/preferential treatment than I would,  closing only 1 deal a year). 

So what can I bring to the table as a "small time" investor to incentivize top wholesalers and contractors (who strike a good balance between quality and cost) to give me the time of day - especially early on when I don't have existing relationships with either of them and have proven that I deliver on my word.

1) Wholesalers - at this point I don't have a clue what I could offer them - really curious for BP's feedback here

2) Contractors - pay on time and quickly (what is the quickest way to get them payment though?), pay bonuses if they deliver the work ahead of schedule, anything else? 

Looking forward to hearing BP's feedback!