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Michael Cox
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"Out of state BRRRRing is too risky"

Michael Cox
Posted Jan 22 2022, 11:34

My wife and I have 80K to invest in our first rental. We've been wanting to utilize the BRRRR method for some time now, however we'd have to invest out of state in an area where we've never been to. Our goal is to acquire as many rentals as we can before I retire (16 years). I've read all the books, listened to all the podcasts, and watched all the YouTube videos I could find and was HYPED to get the process started. Then a few real estate agents hit me with a dose of reality. "BRRRRing out of state for your first time EVER isn't impossible, but is pretty risky". "Not having a team already established in a market is exposing yourself to significant risk". "If I was you, I'd start with a few properties that are near turn key and rent those out." I don't know if I should listen to this advice or keep pursuing the out of state BRRRR method. Is there anyone out there that has done this (Out of State BRRRRing)? and if so could you help a dude out??

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