Partnering up | BRRRR or Flip

[Jesse Ruiz]

I am about a month away from finishing up my first BRRRR project (kinda). I am getting impatient and want to start looking for my second property in LA. I have two friends and a brother that want to jump into RE. All my capital (HELOC) is tied up on my first project. How do I approach potential investors as a noob investor myself? I would prefer to BRRRR, but not sure how the numbers would need to be since I would just be doing the legwork. I would love to invest out of state once I refi my first project and get my money back. What cities do you guys recommend? I am in Socal.

Tennessee: Chatanooga, Memphis, Nashville?

Ohio: Baltimore, Madison, Mentor, central, east, west, north, or south of Ohio?

Idaho: Nampa, Meridian, Boise?

Colorado Springs?

Wisconsin: South east?

Indiana: Gary?

Michigan: Detroit?

Texas: Mcallen, downtown Brownsville

Georgia: Jonesboro?

[Casey Hoerth]

Hi Jesse,

If you're looking for rehabs and turnarounds, McAllen is alright. The downtown is gentrifying slowly but surely and you can find plenty of run down homes just north of Business 83, some surely within walking distance of the pubs and the Benson federal building. The market in McAllen is quite hot, but much of that seems to be north of Nolana. There are opportunities here for those willing to put in the work, I believe.