New BRRR Investor (Greensboro, NC)

[Tre Harris]

Hello Everyone, My name is Tre Harris and I am new to investing. I live in Greensboro and this is where I plan on completing BRRR deals.

Is anyone currently practicing this method in this area? 

Do you have any suggestions for getting started? 

What are some problems you have run into?

Any feedback will be greatly appreciated, Thank you!

[Nathan Faucett]

@Tre Harris - Hi there! (Future) Greensboro BRRRR Investor here as well.

I know that there are other practicing this method in this area, so I know it works.

I would recommend getting started by knowing what type of deals you are interested in. What size (single family, small multifamily, etc), what class (A,B,C, or D), and what location. This will help you focus and find deals that make sense for you. The first thing that wholesalers ask is "what is your budget and where are you looking?". If you can't answer those questions, you won't have people looking for deals that cater to your needs.

Problems include finding deals with enough margin to making this method work. If you are looking at MLS deals, you will need a skilled agent that has experience assisting investors. If you are looking for non-MLS deals, finding wholesalers that leave enough meat on the bone or finding your own deals is a challenge. I have started looking for my own deals.

Good luck!

Nathan