Long Distance BRRRR connections needed

[Peter Lai]

Hi BP Community!

My name is Peter and I reside in San Jose, California. I have read David Greene's book on long distance BRRRR and I'm excited to start my journey. I have about $400,000 to invest and my goal is to eventually reach 10+ units. I'm leaning towards multifamily properties. I'm also open to partnerships.

I know I need to build a good team (realtor, contractors, PM, lender, attorney, CPA, etc.), but I’m not sure which area to start looking.

I’m thinking areas that are landlord and tax friendly, or wherever as long as it works. Possibly Ohio, Florida, Mississippi, Kentucky, or Texas?

Any advice, connections, networking is appreciated!

[Remington Lyman]

Originally posted by @Peter Lai:

Hi BP Community!

My name is Peter and I reside in San Jose, California. I have read David Greene's book on long distance BRRRR and I'm excited to start my journey. I have about $400,000 to invest and my goal is to eventually reach 10+ units. I'm leaning towards multifamily properties. I'm also open to partnerships.

I know I need to build a good team (realtor, contractors, PM, lender, attorney, CPA, etc.), but I’m not sure which area to start looking.

I’m thinking areas that are landlord and tax friendly, or wherever as long as it works. Possibly Ohio, Florida, Mississippi, Kentucky, or Texas?

Any advice, connections, networking is appreciated!

I recommend you read this article on OOS investing. It explains the importance of creating your core four. You will need to get a local, rockstar Realtor, contract, lender, and property manager.

https://www.biggerpockets.com/blog/core-four-real-estate-team