Doing a BRRRR in a different state

[Paul Peltekian]

Hello All!

My first post here in the BP forums and VERY VERY new to this entire world, so please bear with me if this has been answered a million times. I've been doing a lot of reading, listening and watching of all things real estate investing here in the BP universe. I'm curious how investors work the BRRRR strategy, more specifically the REHAB aspect of the BRRRR strategy from another state? Managing a rehab on a local property is difficult as it as, how do you all manage your rehabs when you can't be in the area 24/7? Also, let me preface this by saying that I work full-time in a completely different industry and taking any sort of time off to be at the location in a different state would be impossible. Any tips for the newbie investor?

Thanks!

Paul

[Lior Golan]

I would suggest you to read 2 books by BIggerPockets publish called:

1. Long-Distance Real Estate Investing Hot to Buy, Rehab, and Manage Out-Of-State Rental Properties
2. Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple

These 2 books will give you all the answers you want.

But basically you need to find a good contractor and rely on a property manager to oversee the progress