All Forum Posts by: Brian Cerezo

@Paul Camuto I have not. I live in NY and the houses around me are super expensive.

I have only one rental property currently and it’s a turnkey property in ohio.

Hey everyone,

I really want to start BRRRRing properties out of state. I wanted to ask, how you vetted our contractors and the process of after finding a property… how did you go about getting bids for the work to be done while being remote.

Sorry for such a newbie question but I feel like that’s the biggest thing from stopping me from going all out.

@Shannon Glanton hey! I'm still a newbie just closed on my first property and tbh… I went the turnkey route. I've been in analysis paralysis for 2+ years and I felt like no matter how many podcasts I listened to or read, it would never be enough to pull the trigger. I would want to flip houses but for some reason I can't find the courage to try that. I'll eventually try BRRRR a house or so and see if I can actually do it but turnkey felt the easiest way for me to get into rei.

I do feel like I paid a premium for a property, but atleast it was rehabbed for me, property management is set up as well as a tenant. Putting down 20% sucks when you hear stories of people putting in little to nothing but we all gotta go through different hoops to get in.

And this being my first property, I don’t expect it to be the most amazing cash flow or deal but it did open the door for me to do more as well as all the tax benefits I’ll be able to take advantage of as well.