First-timer investing out of state!

[Alok Goel]

Hello. After spending 4 months or so reading and listening, I am close to finally taking the first step forward, enough with the talk...time for executon. Not going to lie, still find myself questioning, second guessing what do I do after I purchase first rental. While flipping may need to be in the cards, right now I am laser focussed on long term rental, cosmetic BRRR. I think I stuggle the most with grasping creative ways in which I can finance out of the gate and rinse and repeat. While I am fine dropping $40-$70k as down payment, I find myself stuck in "holding pattern" wondering what is next or do I have to wait for another $40-70k to accumulate. Having said that, I am very excited about the Cleveland, Cinci, Pittsburgh, Dayton area. I have so much to learn and am blessed to be amongst many experts. If any nuggets of wisdom feel like sharing, I will be forever grateful. Thank you in advance!

[Allie McAlister]

Hi @Alok Goel

Welcome to BP! You should check out the Investor's guide to Memphis Real Estate wherever you find your podcasts. My team lead, @Dean Harris and @Douglas Skipworth host this weekly podcast and walk through every step of investing out of state in Memphis TN and offer a ton of info on the BRRRR method specifically. If you have any questions, I would check that out and then we can hop on a call from there.

Best of luck!