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Updated over 4 years ago,
Remote Real Estate Investing
Hello everyone. First time poster on Bigger Pockets and relatively new to real estate investing. Really pleased to potentially make all of your acquaintances.
I've been doing a lot of research, increasing my understanding, and attempting to find the type of investing that I will be best suited for and I keep coming back to the BRRR strategy as a good fit. I have good understanding of the construction process, have a decent flair for numbers, and really like the idea creating value.
My analysis of my home market and other markets and has lead me to believe that I will be much more successful in remote areas. One question I've had a hard time answering is: Can BRRR be done entirely (100%) remote? Specifically, the portion that involves taking possession, securing, rehabbing, and renting?
I've been thinking about this a lot and I've come up with some creative ways that this might be accomplished but I'd love to hear if this has been overcome via property management or some other mechanism and is commonly used.
I really appreciate your thoughts and wisdom on the matter.