BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 1 year ago on . Most recent reply
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Out of state boots on the ground
Hi all, how did you assemble your team when approaching an out of state market using the BRRRR strategy? Did you start with a realtor and build the team the same way you would build it if you were local? Or are there specific differences in how I should start building a team in my target market? I have a few markets in mind that I'd like to pursue but just want to make sure I am taking the proper steps in building a trustworthy team out of state. I also am not sure if I should still be targeting properties on the MLS when searching for these deals out of state or if my boots on the ground will be able to help me locate properties fitting the BRRRR strategy a bit better? Thanks so much.
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@Tyson Thurman After you narrow down your market (or markets), I would definitely start with a realtor (or two). They can set you up on the MLS for free, and go take video or do facetime with you (that's what I do with my clients) to help explore the property and the street that it's on. The realtors should also have some vendor contacts that will give you a leg up on getting some bids/ideas of cost. Be sure to interview the realtor though...most of them have little to NO idea about investing!! Good luck to you. What markets are you looking in so far?