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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 2 years ago on . Most recent reply

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Zach Wagner
  • Investor
  • CA
11
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14
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Long Distance BRRRR Advice

Zach Wagner
  • Investor
  • CA
Posted

Hey there everyone! I'm a newbie to real estate investing and I have been stuck in analysis paralysis. I've been trying to gain as much knowledge as I can before pulling the trigger on a property. I live in CA and I'm looking to invest out of state. I was wondering if anyone knows of good cities to BRRRR in this current market. I'm looking for properties in the B or C class neighborhoods. Primarily single family homes (all in purchase + rehab around $100k). My main focus is cash flow but I would love for the property to appreciate over time as well. Thanks in advance, any advice or insight helps.

Most Popular Reply

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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
6,321
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7,936
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Zach Wagner as an investor who had to also invest out of state before (I used to live in NYC) I would highly suggest investing in a city that you have a network in.  Meaning, while I live in NYC I invested in Jacksonville, Florida.  Not because Jacksonville, Florida had the best returns but because I already knew a few people who could get me plugged in with other vendors, etc.  When you invest out of state you may never even see your property.  That's an immense amount of trust to put into someone.  So if you know some people in "City X"....but "City Y" has better returns - stay with "City X".  In the long run you will make more money with people who will take care of your assets.  I hope that makes sense. 

  • Andrew Postell
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