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Updated about 4 years ago,

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Australian in US looking to start investing - BRRRR strategy?

Chris O'Halloran
Posted

Hi investors,

I've just found this site and look forward to spending days reading and catching up on the amazing content here, but wanted to intro myself and start networking.

I moved to the US (Denver, CO) for work just over 12 months ago and will likely be hear another 6 months at this stage. The past 12 months have been establishing social security existence and credit! 

The market here as opposed to Australia seems very reasonable to find cashflow generating properties (which I like) as my goal is to build an income replacing portfolio to provide options.

Now, I am a qualified Carpenter and Builder back in Australia, so I think I could easily add value through a BRRRR strategy to maximize returns and get a few doors under my belt before I leave (or stay).

I can also get access to discounted building materials through my work (we're a platform to by building materials and negotiate volume discounts that are akin to national tier 1 contractors).

So this seems like an unfair advantage that I would like to capitalize on.

I have a couple of immediate questions I think:

  1. 1. what work can I do that does not require a contractors license
  2. 2. what work can be done to a property that does not require permitting?
  3. 3. are there any areas in Denver, CO I should target?
  4. 4. what's the best loan and investment vehicle to use?

I am looking to fast track my learning path in this new market and get started while I am still here, so I can learn the ropes and hopefully continue remote.

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