Welcome... there's a meetup in Grand Rapids on Monday at 6pm...

My question is if anyone utilizes an out-of-state BRRRR method, I've searched around for this answer and most people say OOS BRRRR isn't a great idea, but the BRRRR method allows for rapid scaling compared to Turnkey. 

It would function well, but I am concerned about (1) finding the right tenants, as always, and (2) whether the incremental revenue of the new space will help pay off the renovation.

Rapidly decreasing populations, i.e Cincinnati.

Preparing for subsequent negotiations and due diligence, this is the initial stage of the buying process.You will rapidly become an expert at spotting lucrative offers by implementing these tactics.

As interest rates start to fall, more sellers will enter the market and more people will be able to buy, resulting in rapidly rising prices.So, whether prices will rise significantly in the future, depends on the city’s population growth rate.What We Are Doing TodayWe have changed our purchasing process for our clients.

I see your in Iowa but are you familiar with the Cedar Rapids area?

Many have rapidly-changing ordinances (we closed 7/15 and the ordinance changed 7/23 which made things harder for us but not impossible).

The code being spoken is an owner who either wasn't managing their property and raising rents in small increments over time, or a property in bad condition and doesn't warrant increases in rents in the current condition, meaning you'll have to update the property then raise rents.Things to look out for when someone is offering a property and the main selling point is it's currently well below market rents.1) Usually the current owner either doesn't have the money to do the upgrades, or the owner knows when you factor in vacancy during the rehab, cost of the rehab, and new tenant lease-up timelines, your break-even from this scenario, is too far in the future and not worth it, so they sell the property.2) Another thing some investors make a mistake on is buying one of these properties advertised under the guise of "well below market rents", but the seller isn't comparing "apples to apples".

Hi Kenton,We cover the Iowa City/Cedar Rapids market otherwise known as the Iowa Corridor.