First out of State BRRRR, Under Contract.. Now Need a Contractor

[Tiffany Johnson]

Hello All!

I am a real estate investor in Seattle WA. I've just recently got under contractor for my first out of state BRRRR in Philly! I am very excited and anxious for this leap, and feel really confident about most of it...except a contractor. I know we there is resources like Home Advisor and Angi's List, but I wanted to also reach out to my investor community to see if anyone had a recommendation. It is a pretty straight forward lipstick update, with no changes to existing floor plan. Any recommendations or information is appreciated.

[Jay Hinrichs]

Quote from @Tiffany Johnson:

Quote from @Chase Hollen:

Hi Tiffany,

I'm based in Lynnwood and am in process of researching my first out of state BRRRR. How did you go about settling on Philly/researching properties? Would really appreciate any wisdom and knowledge you can share!

All the best,

Chase

Hello Chase, 

That is awesome that your taking the steps to obtain a property out of state! I am working with a mentorship program called Open Spaces and the mentor has been investing in the Philly area for years now. She is focused on giving you the tools to BRRRR anywhere, but I didn’t have my heart set on anywhere specifically so I thought why would I reinvent the wheel. I just knew Seattle was too pricey and Philly provided an opportunity for appreciation AND cash flow which is hard to find now. Hope this helps! 

Tiffany 

Jumped on this lady's website.. question if they have BRRR mentoring in the market place would they not have vetted contractors the absolute most important component in BRRR hands down.. curious why you would buy something without having a contractor fully vetted up front. PHilly is not an easy market to rehab in based on my experience of funding over 100 deals there. I like the value proposition though