All Forum Posts by: Brian Travis

Hey Brian! Sounds like you've put in a ton of work already—respect for diving deep and not letting distance stop you. Indy's a solid market for the BRRRR strategy, especially if you're looking for small multis. For mentorship, try building genuine connections with local agents, contractors, or property managers (even remotely). Sometimes just being upfront about your goals and asking questions can go further than paying for coaching. As for rehab estimates, getting a few quotes from local contractors—even if it's just ballpark ranges—can help tighten up your numbers. You're on the right track, just keep stacking those small wins.

Hi Ryan,

Thanks for taking the time to reply! I appreciate the advice.

Have you worked with any property managers or contractors that you would recommend?

Cheers!

0 Votes

Quote from @Nicholas L.:

@Brian Travis

hello. i'm not sure if a 'mentor' is what you need.

are you going to be able to travel to Indianapolis in person to select your properties and supervise your BRRRRs?

if not, i don't know if this is the best strategy. the way to get accurate rehab estimates is to come to Indianapolis in person, meet with GCs and get actual quotes. you're just not going to be able to Internet this.

out of state / out of country BRRRR is a difficult, high risk strategy.

hope this helps.

Hi Nicholas,

Thanks for the reply and advice!
I was planning to go to Indy to build the team and walk the property before buying. I would go for the final walk through after renovation. Otherwise finding a good property manager to help with walking the property on video calls and a lot of pictures.

I read David Greene’s Long Distance Real Estate investing that went over how to do it. The book didn’t make it sound easy or with out risk but doable.

In terms of the rehab estimates I am just looking for very rough ballparks to determine if a property is worth any time before getting into quotes. Do you typically get quotes once you have a property under contract or even before that?

Cheers!

0 Votes

Hello BiggerPockets!

I am a new investor up in Canada and like many are having a hard time with higher prices and scarcity of cash flow.

I was able to start my portfolio here in Kelowna, BC with a 2b2b condo and learned a lot (many mistakes were made)! Since then I’ve been educating myself as much as humanly possible by reading books, listening to podcasts, watching YouTube videos, going to my local meetup (which is small), and going to every free webinar I can find.

After a lot of research I have landed on investing in small multi family that I can value add and BRRRR in Indianapolis.

While I have tried to educate myself as much as possible I am not completely confident in my underwriting and rehab estimation skills. It would be great to find a mentor in the Indianapolis area that could provide a second set of eyes and share some knowledge.

Does anyone have advice for finding a mentor as someone who is out of state/country? Or even advice to accurately estimate rehab costs for the purpose of underwriting?

Do you think that paying for coaching is worth the money?

Cheers!
Brian

3 Votes

All Forum Posts by: Brian Travis

Brian Travis has started 1 posts and replied 3 times.

Post: Connecting with an Indianapolis Mentor

Post: Connecting with an Indianapolis Mentor

Post: Connecting with an Indianapolis Mentor