1st time BRRRR recommendations

[Corey M.]

As a 1st time real estate investor, I am considering BRRRs vs turnkeys. I have a full time job, so I can't actively be involved in a day-to-day operation. 

For those who've done BRRRs, where is a great place to invest right now?

And more importantly, where do you find the core people that you can trust if you're investing OOS (real estate agent, contractor, PM, lender). I wouldn't even know where to start, but I do have some capital to invest. 

Would appreciate any advice. 

[Josiah Jenison]

Hey Corey,

I went through the same dilemma. I live in California so I need to invest OOS for obvious reasons. I too work a full time job and did tons of research about BRRRRing in other states. I researched markets and talked to wholesalers. I analyzed tons of properties and got close on a couple. Eventually I decided that I wasn't comfortable with the risk of BRRRRing on my first OOS property so I am planning to go turnkey (sort of). There's a great company I really like in the Kansas City and Dallas markets that will help you find and buy great properties then master lease them back from you. They are using a rent by the room model so they pay you market rent then they rent the rooms out individually. There are no property management fees and no headaches for you as the owner because they handle all the dealings with the tenants. Also they sign 3 year leases. It's a pretty great system. Something to consider if you decide to go the turnkey route. Good luck!