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Updated over 3 years ago on . Most recent reply

User Stats

119
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108
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Charles Granja
  • Rental Property Investor
  • Kansas City/Chicago
108
Votes |
119
Posts

Buying distressed properties/BRRRR

Charles Granja
  • Rental Property Investor
  • Kansas City/Chicago
Posted

Hey everyone!

It's been an interesting year! One video on real estate (Biggerpockets) led me to spend countless hours researching real estate. With the knowledge I acquired, I found a market and purchased 3 cash-flowing properties in Kansas City, Mo in Class C neighborhoods

However, I've come to realize there is much to be gained from BRRRR/Flipping in areas such as this, and that is attainable for me (Out-of-state investor).

My question: What has been your most successful system for producing quality real estate leads to enable these BRRRR/Flip cycles? Direct mail, SEO, Cold-calling, Text messaging, Door knocking, MLS, Networking. And do you have any recommendations/fore-warning for someone with only a couple years of real estate experience getting into this side of the market?

Thanks for your time

Most Popular Reply

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2,091
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2,359
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Lee Ripma
  • Rental Property Investor
  • Prairie Village, KS
2,359
Votes |
2,091
Posts
Lee Ripma
  • Rental Property Investor
  • Prairie Village, KS
Replied

Any of this likely works. There are significant time and/or money costs to doing any of this at scale. Some of these are more accessible than others. Like if you don’t know how to do SEO and PPC yourself then you’ll need a lot to get setup with it. 
I guess my feedback is, as someone who does these things, that unless you are putting significant resources into these then you may want to just leverage other people who are doing them - wholesalers and RE agents.

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