All Forum Posts by: William Whitley

@Will Gaston Thank you for the referral I will definitely reach out 👍

@Shaun Nichols thanks for the referral man! I will definitely be reaching out 👍

@Stephen Brown Great idea with the Facebook Group, definitely a lot of active people in the industry within those groups

Hey Everyone,

I was curious as to what people's strategies are to forming a team in an out of state market for utilizing the BRRRR strategy.

I found a couple off market deals in Columbia, SC and am trying to get my team together. I know trustworthy contractors are hard to come by even in my own market as well as property managers so starting from scratch out of state seems like a tough task.

The numbers on this deal are great I just want to make sure I have all pieces lined up to quote, see rehab through, and get a tenant in place/manage after completed.

I am thinking about vetting a reputable agent as a starting point and then using their knowledge and connections to help get strong referrals for a contractor/property manager.

I could technically source deals and write contracts myself since I have my license here in Jacksonville, however I think it’s more beneficial having someone submersed in their respective market to help guide.

Would love to hear other peoples feedback on how they transitioned to their first out of state deal?

@Rick Martin Hey Rick sounds good, I’m definitely keeping my eye out here but don’t want to limit myself for better cash flow opportunities in other markets if possible. Excited to get going either way as long as the numbers make sense 🤞 thanks for reaching out

@Spencer Gray Yeah I agree I’ve wanted to expand into GA as well as my current market in Jax. Definitely some very active and growing markets in the southeast

@Jonathan Oh I'll definitely reach out, I actually work for an investment company here in Jax and have been focusing on SFH BRRRR opportunities out here I just feel like I've seen some great returns in other markets for multifamily so I wanted to get other opinions. Thanks for the reply and help

@Cameron Braig Hey Cameron, great info I really appreciate it! Been eyeing the Carolinas and Georgia specifically so I am glad you mentioned that.

I’ll dive further into some GA value add opportunities and see what I can find…thanks again!

@Jonathan Greene Thank you for the insight I’ll definitely do more research on finding up and coming areas.

I have some family in Texas but i know their real estate market is already booming. I live and work for an investment company in Jax but also looking to expand my portfolio out of state.

Trying to find those hidden gem cities that I haven’t even considered yet outside those highly sought after markets you mentioned

Hey Everyone, Got my financing locked up and currently looking for some good value add multifamily opportunities to either BRRRR with hard money or if they are turnkey then use a conventional loan as long as the the numbers make sense.

Having said that are there any markets you guys would recommend looking further into as far as multifamily affordability and return potential?