All Forum Posts by: AnnMarie Bacchus

@AnnMarie Bacchus
Narrow in on a market that fits what you are looking for and then from there build your team in that market. You can find a lot of the people you are looking for on BP as others have mentioned. 

Quote from @AnnMarie Bacchus:

I need some BRRRR advice !

I live in Miami so starting to invest in properties that are local will not be the best move. I read into BRRRR in Ohio. What should I know before I start investing out-of-state? BTW I have 0 experience

 ALL you need to do is connect with those that do have experience and provide rentals to OOS cash buyers,, 

BTW, I live in FL, and do all my business in OH, , 

Determine your buying criteria. What is your budget? Do you solely want a cash flowing rental, or are you looking for long-term appreciation? What kind of rental will you be looking to do (short-term, medium-term, long-term, etc.)? What tenants will you target? Once you can answer all these, and develop a long-term plan, pick a market that accommodates your goals as well as your budget and criteria. Cleveland is a great marking to get a cash flowing single family or multi family at an affordable price. Columbus has some expensive, high appreciation areas, but also offers lower price points where rentals can cash flow. Once you hone in on 1-2 markets, develop a team within that market. 

I would establish a team as soon as possible. Also start listening to BiggerPockets podcasts pertaining to your situations. Above all, I recommend you read this book that David Greene recommends - Long Distance Real Estate Investing by David Greene. Hope this helps! 

Quote from @AnnMarie Bacchus:

I need some BRRRR advice !

I live in Miami so starting to invest in properties that are local will not be the best move. I read into BRRRR in Ohio. What should I know before I start investing out-of-state? BTW I have 0 experience

I recommend you read this article on OOS investing. It explains the importance of creating your core four. You will need to get a local, rockstar Realtor, contractor, lender, and property manager.

https://www.biggerpockets.com/...

I invest locally in Columbus, Ohio

I would establish a team in whatever area you choose. With you being OOS you need boots on the ground. Find a trusted GC and PM. I would look more local if you can. Even if you have to go 1-2 hours away, it's better than multiple states.