Should I buy turnkey in long distance market before a BRRRR?

[Richard Updegrove]

I live in the Denver area and I'm in the process of getting enough cash together for purchasing an out of state investment property. I like KC, MO and I'm also considering OKC. I lived in KC, MO 6 years ago so I have some insight into that market. I really like the idea and concept of the BRRRR method but it seems like it might be difficult to pull off on a long distance property while working full time. Does it make sense to buy a turnkey property or 2 to test out that market and really build up a solid team? My focus right now is on cash flow so that I can reinvest into other properties.

[Todd Rasmussen]

@Richard Updegrove

Instead of buying turnkey, consider buying near rent ready but build your own team. This will give you a chance to make sure you have the right property manager and realtor in place prior to adding the stress of managing a full rehab from a distance.