Investing in other cities and states with BRRR strategy
A friend of mine told me about his investment strategy with paying all cash on SFRs and then slightly renovating and then doing a cash
out refinance. Rinse and repeat. You get your down back and invest in another home. I realized that I
been doing it wrong with a traditional 20% down in areas on the west coast, which is typically more expensive albeit higher rents. It’s just not as fast as buying a house for $150k cash, then getting your down payment money back after doing the cash refi. Once I get a better idea of where to start, I can interview properly mgmt companies and realtors to start the journey. Does anyone have suggestions on which cities and states would be decent with a price range of $150k or less? Hoping rents can get at least 1% or $1500+ per month. We chatted about Baltimore MD as a start but I know nothing about the area. Any suggestions on any other areas would be great. Thanks