Likelihood of success flipping homes out of state?

[Jason Heinze]

Hello BP,

So a brief description of my situation, goals and so on before my question. I'm new to investing, ive been doing nothing but reading recommended books, attending seminars and partaking in local REI group meetings for a few months now. Since I live and work in Los Angeles, and the houses here are out of my range currently I decided to jump into the shallow end of the pool to start with a turnkey property out of state which I will be closing on early next month.

For my next property my plan is to use the BRRRR method, but based on my limited experience and what I have read it seems like something that is not ideal if you do not live in the area in which you plan to buy and flip. Which is why I wanted to hear the thoughts and opinions of the pros on the subject of buying SFR with the intent to rehab and rent or sell while living out of state.

Thanks everyone!

-Jason

[Henish Pulickal]

Real estate is like relationships: long distance is the wrong distance. Unless it's a grand slam, home run deal, I avoid out of area real estate.  If I can't get there in an hour, it's too far for me.