First BRRRR ever - Do I need to be "on site"?

[Denis Lin]

Hey BP community, first time post after watching lots of YT vids and doing lots of reading, so big moment for me :) 

My question is regarding long distance BRRRR and the importance of being physically there to see things through.

I get that it's totally possible to do fully remote once I've got the systems built up and a solid team I trust in place, but for a complete first-timer:

1. How important is it to be on site? 
2. Which steps of the process from pre-purchase to post-rehab are most important for me to be on location for?

For a bit more context, I'm based in France (for now), but don't really want to wait 2 years to make my first move towards building up a portfolio of cash-flowing rental properties. I initially was thinking that if I had the right team on the ground and found the right people, maybe I could manage the whole thing remotely without ever seeing the house or setting foot back in the states. 

But now that I've thought about that a bit, and mostly after my wife was like "um you probably should do your first ever own in person right? you could learn way more and a smaller chance of things going terribly wrong", I'm thinking that she's probably right. 

There's a lot that could go wrong as is, and while I'll still be relying on the experts for their opinions/advice, at least I could pick up some things by going through the process IRL once and getting a feel for how stuff works. So I'm thinking maybe I fly back, spend a few weeks or a month or two on site for some key parts of the purchase + rehab process, then leave it in the hands of GC or PM. 

So, what do you think, based on your first time BRRRR experiences?

[Mike Dymski]

Part-time OOS BRRRR is the highest risk strategy discussed on these forums. Most people can't source profitable properties and contractors in-market let alone out of the country.

Tons of profitable strategies in real estate investing...OOC BRRRR can be done but I suspect it's highly uncommon.