Long Distance BRRRR in Ohio

[Martti Eckert]

Hi Bigger Pockets community -

I am interested in pursuing the BRRRR strategy in one of several Ohio markets this year. I understand that completing long distances BRRRRs is a different kind of animal, so I am hoping to glean insight from investors who have successfully gone down this path. It would be ideal to chat with investors operating in the Midwest, but I welcome anyone's perspective on BRRRing from a considerable distance (plane flight away).

Thanks!

Martti

[Samuel Diouf]

Hey Martti, 

Doing BRRRRs out of state definitely adds another level of difficulty, but it can be done very successfully. 

You'll want to work with a good agent so you can gain the right understanding of the market you're in and pull accurate comps while also getting access to exclusive deals and pull the comps. Then you'll need to find a high-quality contractor who can ensure your rehab is done properly.

I recommend doing BRRRRs in cities that have some sort of mix between appreciation and cash-flow!