BRRR method for out of state investment for Newbie. Should I?
Hello,
So I am interested in using the BRRR method to start investing in real estate but I live in LA, CA and I just don't have the money to do so around where I live. Also, I am not sure if I should go into it new with such a big loan since multiplex can average from 1.5 to 2mil.
I want to invest out of state (Texas, New Mexico and Arizona are some of the states I'm looking into) but not sure if that's a good idea since I don't have the freedom to travel and I don't plan on quitting my day job.
Any advise for someone like me? Is starting off using the BRRR method ok? and do I need to hire a lawyer to review contracts when purchasing? I am afraid of getting scammed.
Any advises or even your personal stories on how you started are appreciated.
FYI: I just started looking into real estate investment and plan on using VA loans.
Thank you!