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Updated about 4 years ago on . Most recent reply

User Stats

9
Posts
10
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Peter Lai
  • Specialist
  • San Jose, CA
10
Votes |
9
Posts

Long Distance BRRRR connections needed

Peter Lai
  • Specialist
  • San Jose, CA
Posted

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!

Most Popular Reply

User Stats

5,486
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6,466
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Remington Lyman
  • Real Estate Agent
  • Columbus, OH
6,466
Votes |
5,486
Posts
Remington Lyman
  • Real Estate Agent
  • Columbus, OH
Replied
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

  • Remington Lyman
business profile image
Reafco
5.0 stars
12 Reviews

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