BRRRR investing Out of State

[Srikanth Raj]

Hi Everyone!

I am new investor from Utah. I have been reading the BRRRR strategy in BP which got me really interested! I wanted to know how to setup a team to successfully execute this (Realtor, Contractors, Property Manager etc.) for out of state BRRRRs ? The reason for going out of state is because I can't seem to find potential BRRRRs in suitable price range in my state.

I do kind of have some connections locally here in Utah but when it comes to out of state, I don't have any.

Any  help as to how people do it or any reference to a company that helps do all these steps out of state might be of great help!

Thanks!

[Young Park]

Hi @Srikanth Raj! I live in Hawaii and started getting interested in out of state properties due to the cost of real estate here on the islands. I read the long distance real estate investing and the BRRRR book by David Greene to learn more. I learned a lot from reading books, listening to podcasts, and watching videos, but it still was very difficult to get started.

I'm conservative (and logical) so for me, the best way was to find a mentor who already has an established relationship in a specific market. For me, it happened to be the Kansas City market. I was able to learn the process through action steps and able to leverage the relationships (PM, lender, contractor, etc) to complete my first BRRRR and currently on my third BRRRR. If you have any questions, please feel free to reach out :)