Out of State BRRRR Questions

[William Whitley]

Hey Everyone,

I was curious as to what people's strategies are to forming a team in an out of state market for utilizing the BRRRR strategy.

I found a couple off market deals in Columbia, SC and am trying to get my team together. I know trustworthy contractors are hard to come by even in my own market as well as property managers so starting from scratch out of state seems like a tough task.

The numbers on this deal are great I just want to make sure I have all pieces lined up to quote, see rehab through, and get a tenant in place/manage after completed.

I am thinking about vetting a reputable agent as a starting point and then using their knowledge and connections to help get strong referrals for a contractor/property manager.

I could technically source deals and write contracts myself since I have my license here in Jacksonville, however I think it’s more beneficial having someone submersed in their respective market to help guide.

Would love to hear other peoples feedback on how they transitioned to their first out of state deal?