Right Team to Execute a Deal and Make Money
HI everyone, I'm Rohmah. I new to BP platform and RE investing. My main job is running my investment holding company, so I'm familiar with public and private market investments but new to RE. RE investing has been something I wanted to do personally. I am in Seattle, but looking to build local team in Detroit, MI as I would like to execute BRRR in there. I am looking to invest in multifamily units. So, now more than ever is the time to build a local team in Detroit.
However, a few questions I would have are:
1. Who should I look for first?
2. What should I be aware of as an out of state investor?
3. What challenges with out of state BRRR investing?
Most Popular Reply
Hi Rohmah, welcome to the RE and BP community! How exciting to be just starting out in the space, congrats! With that being said, lots of mistakes could be made, and you'll get many opinions here. Some good advice, some not.
I, like you, am a managing partner of a holding company, but unlike you, we are heavy into the real estate space. SFR, Multifamily, commercial, and industrial, as we have a primary focus on data centers.
Would love to help you silken some of the not so good advice, and allow you to measure twice, and cut once so to speak, by jumping on a call together. Please let me know what your schedule looks like, and I'm looking forward to our conversation!