I also have a method of analyzing locations to find out how in-demand properties are there compared to surrounding areas.

Given your current savings and monthly savings rate, you're in a strong position to start your journey.BRRRR StrategyThe BRRRR method is a powerful way to build your real estate portfolio by leveraging your initial investment to acquire more properties over time.Cleveland vs.

I wish you the best and please keep us updated with how it goes.The company is a huge gas provider in the area, and the communication came from corporate email (not Gmail), so hopefully legit :)Thank you!

As for the value-add, I would manage all guest communications, pricing, listing, and other daily responsibilities, while also having a on-site team for all properties.

Personally not a fan of out of state BRRRR.I think it's a recipe for disaster and having been in the game for 10+ years, I've seen the disaster first hand as I bought hundreds of deals from disgruntled out of state investors who thought they can do it themselves.My property management company has doubled in 12 months also due to out of state investors getting caught with a poor property manager when trying to do it themselves from afar so they come to us for help 🤷‍♂️I'm seeing many investors buying D class crap on the MLS for too much and that needs work.They end up being into the property for 30% more than they would be that if they just bought turnkey.A true turnkey provider will find the cheapest/best deals through a variety of acquisition methods, renovate well and sell for fair market value (And manage in-house).If things go South, they are solely to blame and the penny drops with them.But with DIY, who is to blame?

There's a reason this is the preferred method for new buyers with little to no capital. 

I love the fair and consistent style of communicating around this.

I cannot communicate with the tenant (except maybe via letter).

Due to Peter's methods, we have made contact with tons of motivated sellers.

Purchase price: $150,000 Cash invested: $100,000 Recently completed a purchase and renovation of a multi-family house in Cleveland Heights, Ohio (BRRRR Method).