Turn key or BRRRR

[Joey Samudio]

I am looking at doing my first remote deal. I am considering BRRR as well as just purchasing a turn key property that cash flows. Any recommendations on how to proceed?

If I go with the BRRR strategy would love to hear some tips on how to successfully manage the rehab remotely.

[Brian Teeter]

I have been investing in Little Rock for over 20 years, been involved with over 700 BRRR and Turnkey remodels. I point that out to say that I have seen it all! Ive seen many attempt to DIY on their own form a distance and fail. Recent example is I talked with an investor earlier this week form Ohio. He bought a property here in LR and attempting DIY. Hes already over budget and needs help. It can be done DIY but takes a lot of research and groundwork prior to purchase. You need someone boots on ground. My advice is to enter a market by buying a Turnkey fist. That will allow you into the market and set you up with a good team, built into the property management. From there, you can utilize that team to gain experience and understanding into the market. Most Turnkey providers will help you with your goals of growing and getting accustom to the market. From there, you can better transition into a DIY approach