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Updated almost 5 years ago on . Most recent reply
Partnership Desired BRRRR
Hello,
I'm looking to invest in out of state MF properties with an experienced partner, possibly utilizing the BRRRR method.
I bring to the table $250k+, a lifetime of general construction experience with tools, the ability to supervise and live near the project until completion (I own a truck camper). I own a small winery in California and have so for the last 10 years which allows me some freedom outside of the winemaking season. I grew up working for a family of contractors, I would have been the 4th generation.
I would like to diversify through MF units that are out of state focusing on 2-3 properties per year. I’m willing to travel anywhere that is safe and profitable. My schedule is open December through July every year. The other months I will be back home producing wine.
Ideally we would hold the properties for long term and gain passive income unless we agreed otherwise.
I currently lack the ability to assess the potential of properties well and would hope learn from said partner.
I’m currently flipping a home with a partner in my local area with a resale value of $1mm. We expect to be completed within 2 months at which I would like to already have a deal in the pipeline.
How might one go about finding an experienced partner?