All Forum Posts by: Tyson Thurman

@Aaron W.Thank you for the reply AJ. That certainly clears things up for me. I will definitely be getting in touch with local real estate agents in my target market to help streamline the process.

When looking to put an offer in on an out of state property on market (such as through Zillow, etc), is it required to use a real estate agent (buyers agent) or can the buyer submit the offer on their own?

Any pros and cons to not using a real estate agent? Since it has no effect on the purchase price and cost me nothing as the buyer, it’s best to just use a real estate agent local to that market I am targeting right?

I know a realtor is part of my core 4 so I definitely don’t want to get around incorporating one on my team. The question is really just to clarify how putting in an offer out of state works.

As always, thanks in advance for your contributions BP family.

That's a great point. Your feedback is much appreciated! Thanks again. I'll definitely be tapping into them to see what kind of resources they have in the areas.

@Andrew Postell That makes perfect sense Andrew, thank you so much for your reply. I lived in Tempe, Mesa & Phoenix AZ for 7 years before moving back to LA County so I know a decent amount of people out in AZ as well. That may be a market I also look into further as I have people there I can trust. Not people that are heavily involved in Real Estate or investing, but I can definitely lean on them to check in on things as needed. This feedback was much needed!

Hey BP fam, how's your experience been investing out of state using the BRRRR strategy? What ups and downs have you faced along the way? Also are there any specific cities or states you've found the most or least success in? I'm living in Los Angeles and may need to look out of state.

@Jennifer Buchanan Hi Jennifer, have you found there to be properties that hit the market that the BRRRR strategy might work with in the Long Beach area? I'm also starting my search for deals to get a general feel for the market. I'm between either house hacking or BRRRR'ing to get started. Would love to hear your thoughts.

@Dan Portka @Jacob Henry Wirth I'm also a new investor in the San Pedro / Long Beach area looking to connect with others and get a better understanding of the market to see if I need to look into out of state investments. I'm also very interested in the BRRRR strategy, also possibly out of state. Would love to chat with you guys more some time.

@Young Park I'm in a high cost of living area also lol I live in Los Angeles County (South Bay area near Long Beach). How has the out of state BRRRR process been for you? I am very interested in the BRRRR strategy as well and would love to hear about some of the ups and downs you've experienced with using this strategy out of state.Also, which area(s) did you choose to invest in if you don't mind me asking?

@Rob Lee Did you utilize the FHA loan for your first primary? If so, did you end up refinancing out of it to use another FHA loan for the next? Curious to hear more about your process. I appreciate the feedback, thanks so much.

@Cody Neumann yeah the house hack and BRRRR methods both sound the most beneficial. Doing a combination of both sounds like it could be as well.