Looking for Options

[Sean Autry]

Hi All- looking for some input here. I recently closed on my first rental property in Apple Valley, CA. It meets the 1% rule, it should cash flow nicely (for CA), it'll produce a great return- I'm very happy about it. HOWEVER, now that my first deal is done I realize that saving up a chunk of capital before each deal is a very slow way to build a portfolio. My goal is to be a full time investor. I find it much more interesting and exciting than my day job in corporate finance. Accordingly- I need to do more creative deals. The BRRR strategy is the most attractive to me, but I'm thinking it would have to be out of state given CA prices. My questions: who here has had success implementing BRRR from afar? Can you share your experiences? Pitfalls to avoid? Tips for success? are there any other cash flow strategies that I'm not considering that'll allow for limited initial capital or the recycling of the same capital? Thank you in advance for your input.