Where to invest for BRRRR?

[Errol M Tazbaz]

I live in the Seattle area and investing here is out of the question. Looking to invest OOS. Based solely on price to rent ratios Rochester, NY, Philadelphia, PA and Columbus, OH look good. There are of course other towns that have even better ratios but these seem like they have a good balance between price to rent ratio and appreciation. What do you guys think? How do you determine where to invest? I don't know anybody outside of Seattle or other high priced areas I have lived in, so all cities are equal to me in terms of having to create a team from scratch. P.S. I'm looking to buy 1MM worth of property this year with 20% down and am looking to BRRRR these. I am open to both SFR and multi-family.

[Rich O'Neill]

@Errol M Tazbaz thats an awesome mindset. I wish I had a little more of that when I started, though I was fortunate to live close to one of the areas you mentioned. 

One person I would talk to is @Ross Yeager, he lives in CA and invests in Philly. He is also one of our clients. He offers some coaching and other resources around OOS investing. Definitely worth a shout. 

If you land on Philly as one of your markets, talk to @Jimmy O'Connor about finding deals. He knows the city block by block. He actually sat down with me a while back with a map and gave me a ton of value showing me the different characteristics of different blocks/neighborhoods. 

Once you find a deal here, give us a call to get the project done. I built my portfolio in the Philly area with the BRRRR model and started this company to help others do the same. I did a post in the marketplace describing what we do and how we can help investors maximize their project. You can find that here: https://www.biggerpockets.com/... 

Best of luck and let me know if I can be of any help!