Out of State Investor Interested in Local Partnership Ideas

[Jess Archives]

Has anyone been able to build a local partner as a remote BRRRR investor?

There seems to be two ways for this:

1. Partnering with a Core Four team
2. Partnering with one local person who understands the core four partnerships

I’m more familiar with 1 as there are plenty of content I’ve read up on that. As for strategy 2, there seems to fewer anecdotal experiences I’ve read up.

Strategy 2 has many different ways, which makes sense. Though there are qualities I keep seeing:

• The remote investor fronts the money, the local partner manages the BRRRR
• At refinance, the remote investor receives the initial investment and splits the equity difference 50/50
• Investor and local partner can also share the rental profit

Has anyone had experience for strategy 2 or see additional qualities for this?

*Note: I’m a well researched remote OOS investor. Currently doing strategy 1 for my first property. And am interested in strategy 2 to compromise for a more hands-off approach without losing higher equity gains as in a turnkey strategy.