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Updated about 8 years ago,
Anybody do out of state BRRR (not turnkey)?
I live in Southern California and have purchased a turn-key rental in Memphis. I expect it to cash flow, and I think it will be a good long term investment.
The only thing I don't like is that turn keys are sold at market price, so I can't get my cash back out to re-invest quickly. I like the BRRR strategy, but I'm not sure how I would do this without physically being there.
Is anyone doing BRRR out of state successfully? What advice do you have on how to get started doing this?
Thanks!