Considering 3 Cities to Invest

[Alon A.]

Hey guys

After long research of market and a lot of questions i have final question.

Im looking to start BRRRR method at one of this cities:

- Dallas Forth-Worth, TX

- Columbia, SC

- Jacksonville, FL

I have 150K on the side and im planning to do 20% Down loans or DSCR, part of the states has high taxes but also rent is higher so its good.

Im looking for all perspectives, taxes, rents, appreciation. Houses in 150-250K ranges that will be my market

I need to focus on one market and build a team over there. what do you think is the best market to get in in your opinion?

[Luka Milicevic]

The idea behind the BRRRR strategy is to scale real estate with little to no money and to cash out most, ideally all of your initial investment in order to move onto the next one.

The KEY to making this work is to find a deal that will have you all in around 75-80% ARV. This is where the hard part comes is finding these deals. They are few and far between and if you aren't fully plugged into the market you will have a much harder time getting them.

The most recent BRRRR I completed in the Nashville market was I was in it for 81.4% ARV to be exact. I cashed out almost all of my funds with just a few k remaining in the deal. It breaks even each month, but I have so little invested that I don't really care about the cashflow. I got this deal because I'm searching daily. Direct mail, website leads, wholesalers, investors, networking, etc.

As an out of state investor, you will have a harder time finding these types of deals in the markets you mentioned. Those are HOT markets. If you want to do the BRRRR strategy and really scale it would probably be easier in a smaller, secondary market.

Not trying to be discouraging here. You can most definitely make this work with the right amount of hard work and good contacts/relationships.