First BRRR in State or out of State?

[Nic F.]

I am a newbie to the investment world. I plan on using a HELOC for my cash buy. I would like to do the BRRR method. The issue I am running into is my market right now is very strong. Houses are going for very high, solid prices. It's been difficult finding ones that need a little work (rehab) to them. The ones I do find would be outside my cash buy range bc of the market. I have been looking in other states such as Kansas, Dallas/Ft. Worth areas, Tampa, etc. With what I've read it's best to do your first BRRR in state so you can control the rehab and work with lenders and contractors I currently have a relationship with. Work the kinks out, so to speak. Any suggestions?