BRRRR Location Advice

[Kim Ehardt]

Hi all,

I'm making the shift from passive to active real estate investor, and preparing for my first BRRRR property (how exciting!). I have $250k cash to begin this journey. I live in Austin, where that amount of money won't typically cover purchase and rehab costs. It's often mentioned that there are stable markets with lower entry price - Columbus, Prescott, most anywhere in the Midwest. As with most investors, I'm expecting it to cash flow while also offering promise of appreciation.

Here is my question:

When you have an entire nation available, where do you begin?  How do you conduct that research?  What criteria do you look for, and where do you obtain that data?

Appreciate your comments and insight.  Feel free to message me directly if you’d like to talk further.

Kim