BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 3 years ago on . Most recent reply
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Someone local to manage a long distance BRRRR - does that exist?
Hello all, I'm from AB Canada and looking to do long distance BRRRRs in the US. (I've done 4 local flips/developments.) I'm not married to a particular market yet, though I'm looking at Midwest or Southern states that are landlord friendly. I'm most apprehensive of managing the rehab aspect from a distance and making sure the estimated costs are correct, and would really feel a lot more comfortable having a local person oversee the project. (I expect to factor in this cost when running my numbers.)
Does this service exist? By whom - property management, realtor, hiring a local independent investor, another investor/wholesaler that specifically works with long distance BRRRR buyers? What's the best way to do this, and how much would you expect to pay for this extra layer of management/oversight? Any recommendations? Thanks so much!