BRRRR team and deals

Kansas City, Missouri
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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BRRRR team and deals

Chuka Ok
Member since 2025 · 13 posts · 10 votes

Hi everyone,

I’m currently investing in MS using a BRRRR + Section 8/Housing Choice Voucher strategy, and I’m looking to expand into another market so I have more opportunities to find deals that actually work.

Right now I’m considering Indiana and Missouri.

For investors actively buying in either state:

• Which state would you choose for BRRRR/rental investing - Indiana or Missouri - and why?
• Which cities or neighborhoods are you currently buying in?
• What are you typically seeing for purchase price, rehab, ARV, rent, and property taxes?
• How difficult is it to find properties where you can refinance and recover most of your original capital?
• How strong is the Section 8/HCV rental demand in your market?
• Any cities or neighborhoods you would avoid?

One challenge for me is that I’m an out-of-state investor, so having a reliable local team is extremely important.

I’d also really appreciate referrals for people you have personally worked with and trust, including:

• Investor-friendly wholesalers who consistently bring legitimate off-market deals
• Reliable, reasonably priced contractors/rehab crews
• Property managers experienced with Section 8/Housing Choice Voucher tenants
• Property managers familiar with the local housing authority and HCV inspection process

• Lenders familiar with BRRRR/refinance deals

I’m especially interested in referrals based on your own experience rather than someone simply promoting their own company.

If you invest in Indianapolis, Fort Wayne, South Bend, Kansas City, St. Louis, or other Indiana/Missouri markets, I’d love to hear what has worked for you.

Thanks!

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  • Caleb Brown
    Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
    1w

    Happy to chat and dive in on Kansas City

    0Reply
  • Andrew PostellPro Member
    Lender · Fort Worth, TX · Member since 2016 · 8k+ posts · 6k+ votes
    19h

    @Chuka Ok I have been investing in real estate for 25+ years. 15 of those years, I invested out of state. As a 15 year, out-of-state investor my recommendation is to ALWAYS choose whatever city you have the most trustworthy contacts in.  Keep in mind that you may never see your asset.  That's an ENOURMOUS amount of trust/money to put into a stranger's hands.  What I mean here is that if you know someone in "X city"...but that city may not have as good as numbers as this "other" city...then stick with the city where you know people.  One wrong move, one wrong contractor, one wrong vendor…will erase any "benefit" one city has over another.  Your network is the most important piece for any potential returns when you invest out of state.


    So, what you are asking about above are good questions. However, I can't tell what city you are based in. So, if you are based in MS...I would recommend re-examining the market again. If you are ALREADY investing out of state, do everything you can to get someone that you really trust and like there. It might be a good idea to speak with property managers first since they have to have all the contractors. I would also hang out in some Facebook Real Estate groups in those markets. Post and speak to the people who are already there. Wholesalers usually hang out in those groups too.


    Hope all of that makes sense.

    0Reply
    • Chuka Ok
      OP
      Member since 2025 · 13 posts · 10 votes
      17h

      Thank you.

      0Reply
  • Jimmy LieuBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
    1h

    Welcome, Chuka, and thanks for laying out your strategy so clearly. Since you already run BRRRR with vouchers in Mississippi, you know the housing authority side better than most.

    One thing I'd add to the team advice above: before trusting any referral, ask for the last two or three deals that crew or manager did for out-of-state owners, and call those owners yourself. Then start with one small project and watch how draws, photos and change orders get handled. For voucher units, ask a manager how many units passed inspection in the last year and how long lease approval takes, since those vacancy days can eat into your refinance math.

    In my experience, Columbus is another market investors compare, mainly for cash-flowing deals in B- and C+ areas, though I'd run your own numbers before leaning on that.

    If it's useful, connect with me and we can trade notes as you narrow it down.

    [email protected]614-300-7535
    Jimmy Lieu, Red 1 Realty4.9120 Reviews
    WebsiteView Page
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