Interested in out of state investments, looking to connect!

[Kevin Liu]

Hi Everyone, 

I'm new to REI, and I've been looking into some out-of-state investments, specifically in Indianapolis IN, Lexington KY, Fayetteville NC, and Lubbock TX.

I work full-time in tech and don’t have a background in real estate, but every day I study REI material to familiarize myself with this world. I plan to continue saving/learning until I have about 130K and purchase my first property next summer. 

I'm mostly looking to BRRRR and possibly turnkey properties, and I'm curious how remotely controlled these investments can be. I assume that I will never need to visit these markets in person and conduct all of my business through Online/Phone. Is that an unrealistic expectation, and should I fly in a few times a year?

I'd love to connect with investors and agents in these areas to further my knowledge about these particular markets. 

[Travis Biziorek]

Hey Kevin,

Detroit is definitely a solid market to explore, especially for BRRRR. It's not without its challenges, but if you have the right strategy and a solid team, it can definitely yield great results. I've been investing in Detroit for several years now, and I've learned a lot along the way—both from the successes and the bumps in the road.

I work with out-of-state investors who want to do BRRRR in Detroit. My team helps with everything from sourcing off-market deals, overseeing rehab projects, and providing property management once everything is ready to go. It's a process that requires a solid plan and execution, but it's absolutely possible to make it work.

Even if Detroit doesn’t end up being the right market for you, I’ve got a lot of resources and insights about out-of-state investing that I’m happy to share. Just reach out, and I’ll be glad to point you in the right direction based on your goals.