One-stop shop for long distance BRRRR, is it too risky?
1 Reply
Andrew Reyes
Investor from New York, NY
posted 8 months ago
I am considering a market about 2.5 hrs from where I live. No immediate connection but I have distant family there so I am somewhat familiar with the area (visited a handful of times in my life). I found a realtor who invests while running a property management business and offering her realtor/PM clients access to her own construction crew.
I am concerned that this is putting too many eggs in one basket. I would prefer to have an unrelated party for each step of the process so that there are checks and balances throughout. This individual was referred to me by a mortgage broker that I have no prior relationship with.
Thoughts?
Ron Brady
Rental Property Investor from Burlington County, NJ
replied 8 months ago
I concur with your thinking about too many eggs in one basket and the benefits of a more checked and balanced team. Good luck!