Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

144
Posts
55
Votes
Rob Bianco
  • Investor
  • New York City, NY
55
Votes |
144
Posts

Getting Started BRRRR in Kansas City

Rob Bianco
  • Investor
  • New York City, NY
Posted

Hey Everyone,

I'm looking for a little guidance on how to move forward. I'm an out-of-state investor in Kansas City and have spent a year being a landlord (10 doors total). My realtor found me solid cash-flow deals on multi-family properties and I'm at about an average of 10% ROI. So far I'm pretty satisfied, but people I know are recommending I pause and consider BRRRR for either larger ROI or even just buying/rehabbing/reselling (aka: flip) to generate another stream of income as I try to slowly get my foot out the door with my current day job.

Right now I'm entirely invested in my day job. My day job has allowed me to be a cash buyer and is the reason I have 10 doors in under a year, so I can't and don't want to forego my day job. This leads me to think I need a middleman? Someone to find the deals, do the rehabbing, and maybe take a cut of the profit as incentive? 

The realtor I normally use mentioned that he does rehabs (mostly for his own investments) and he's got a solid work ethic, knowledge of the area, and crew, but he only does a small handful per year. We've spoken about it at length, but I'm assuming this is the part where I grow my network and perhaps try to find enough people who can help me as my budget grows and perhaps my demand for business grows?

I don't exactly know who would be the right people to speak with, what the right incentive would be, and who to trust/stay away from. Should I try working with my Property Management company on this? 

If I could I would honestly try to do it all by myself, but I simply don't have the time as my business stays pretty busy throughout the year. 

Loading replies...