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Updated almost 3 years ago on . Most recent reply

User Stats

15
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6
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Ernest Wade
  • New to Real Estate
  • Manteca, Ca
6
Votes |
15
Posts

Looking to Out of state BRRRR

Ernest Wade
  • New to Real Estate
  • Manteca, Ca
Posted

Hey BP, I am looking for some opinions on Out of State BRRRR. I've been looking at a couple markets in the Midwest and Southeast of the country. I know it's important to build a good team on the ground.

So what should I find first a investor friendly real estate agent, contractor or property manager? 

Should I get a project manager to oversee the rehab? Knowing I don’t plan on visiting any property i decide to purchase


I would appreciate any feedback on these questions. Thanks

Most Popular Reply

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1,472
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1,411
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Todd Rasmussen
  • Rental Property Investor
  • Clarksville, TN
1,411
Votes |
1,472
Posts
Todd Rasmussen
  • Rental Property Investor
  • Clarksville, TN
Replied

@Ernest Wade

Find an agent who is also a property manager as step one. That guarantees they work with investors and gives them the most motivation to give you time before you are an income stream for them. I think this is a must for starting in a market area. They will also know contractors that can give you some quotes. During closing you can concentrate on contractor selection if you don't have time before then.

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