Updated 8 days ago on . Most recent reply
#4 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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New BRRRR Market
#4 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Hello! I’ve done a few flips, but haven’t necessarily hit any home runs yet, so I’m looking to pivot to BRRRRs. My current market is too high as well, so I want to look out of state. I’ve narrowed my search down to Kansas City or Akron/Canton, OH. Ideally I’d like to look for B class neighborhoods.
I’m looking to connect with real estate agents as well as property managers to get started. I’d like to work with people that can direct me to good neighborhoods and have connections with contractors and wholesalers.
I appreciate any and all advice or tips! Thanks!
Most Popular Reply
Hey Josie,
Sounds like a smart pivot. Both markets you mentioned can work well for BRRRR if you focus on steady rental demand and neighborhoods with solid tenant bases. A good next step is to connect with a few local agents who already work with investors and ask them about rental comps and turnover rates in the areas you are targeting. At the same time, start interviewing property managers since they can give you a clear picture of what types of homes rent quickly and what areas to avoid. Building those two relationships early will make finding and holding the right property much smoother.