BRRRR Market Selection (Analysis Spreadsheet Attached)

[William Elliott]

Hey all, my name is Will. I live in the Minneapolis metro area which isn't ideal for BRRRR so I am looking for potential markets to long distance invest. Anyone in the forum long distance BRRRRing, how did you work your way through picking a market?

I have done some market analysis (spreadsheet attached if anyone want to use it for their own purposes)

https://docs.google.com/spreadsheets/d/1HvCZKvI8wmxlH_ZxWLCmwo_akcsIV1QTEosRQ1tIxf8

I feel like I might be overthinking it a bit but want to hear how others decided on their market. Thanks!

[Brent Paul]

Hi Will. There are definitely properties in MN for BRRRR investing. You just might have to go an hour outside of Minneapolis to find them unless you have a good relationship with some Wholesalers. There are a ton of sub markets outside Minneapolis with opportunities. Have you gone to any Meetups? You would be surprised how many investors are buying homes in your area. I have one friend that bought 3 in the area this year. Yes 3! 1 was an off market deal and the other 2 were on the MLS. But he did make offers on over 20 homes. Sometimes it's not what you know, but who you know.