Out of state BRRRR experiences

[Tyson Thurman]

Hey BP fam, how's your experience been investing out of state using the BRRRR strategy? What ups and downs have you faced along the way? Also are there any specific cities or states you've found the most or least success in? I'm living in Los Angeles and may need to look out of state.

[Andrew Postell]

@Tyson Thurman the "secret" to investing out of state is where do you know people?  If you don't know anyone in a market it will be very difficult to be successful there.  You will have to place an ENORMOUS amount of trust in someone to take care of your assets if you go this route.  So if you know someone in X city....but that city doesn't cash flow as well as Y city, but you don't know anyone in Y city....still stay with X city.  Having a network of people to lean on will be the most important aspect to investing out of state.  Hope all of that makes sense.