Where to find contractor-investors?

Question

Jaron Walling · Answer

It's unrealistic for a couple of reasons. Unless you have established contacts in said OOS market why would any contractor/seller want to work with you?? They would rather sell to local investors with a track record of closing deals. It's no different than the relationships you may or may have established locally. It take boots on the ground, a couple of deals, and great communication to get that flow going. Being OOS is a big hurdle to jump. In my opinion it's multiple jumps. You stated you're a sec8 guy. That's a niche and if you're looking OOS narrowing down limits the contractor/sellers you're aiming to find. I would keep an open mind and explore other strategies (in those markets) before pulling the trigger on your next investment. Cheers man.

Kerlous Tadres · Answer

Yeah, those relationships exist, I'd recommend looking on BiggerPockets itself, local REIA meetups, and even just asking title companies or hard money lenders who they see flipping the most in your target market, since those guys usually know every active rehabber in town. From my experience the good ones do get snapped up fast, so the move is to reach out before they finish their current flip and offer to buy their next two or three sight unseen at a fair price, that's usually enough to get a contractor to commit to you on repeat.

Luke Noh · Answer

@Kerlous Tadres sounds good thanks

Luke Noh · Answer

@Jaron Walling thanks!