All Forum Posts by: Nathan Murith

He @Chris Irvin so it is the same one indeed! Well done!!

Congratulations @Chris Irvin!

Where is this? I’m pretty sure I was looking at the same house not too long ago 🤪

@Cheza M.

Plenty of people do out-of-state BRRRR and find success. That said, I would not personally recommend it unless you have done BRRRRs in the past and are experienced. I wrote this in another post a while back:

Unless you have done this in the past and have a solid team ready to execute on the BRRRR, I would consider it a full-time job. :-)

BRRRR is such a fantastic advanced strategy, it has so much potential for growing your portfolio with minimal amounts of your own money when it goes well. It is not something I would personally recommend when getting started, even more so if it is remote where you do not have access to the property to oversee the project and learn from it. There are so many things that could go wrong in a normal BRRRR, this raising interest rate environment adds a layer of risk and complexity to the whole thing.

@Dean Thoms

We went though exactly what you are describing above and happy to share any of our learnings, mistakes, tips, tricks.

I would recommend talking to other successful investors in that market and ask them for property manager referrals. Referrals weigh heavily in our book when looking for a PM. You can also call them as a prospect tenant, and a prospect landlord to get a feel for them.

We also have a script we follow when interviewing PMs. Happy to share that and anything else if you are interested, do not hesitate to reach, connect, and DM me.

Hey @Phil Burk, congratulations on doing the work and welcome!

First, a question I would have is what do you plan on using the license for?

I am not an expert here but would imagine the state residency requirement will vary from state to state. For example, in California where I am currently located, there is no residency requirement to hold a license. I would image it could be the same in other states, but will likely be state-dependent.

@Alexis Lauron welcome!!

One of my favorites and most comprehensive to start is https://store.biggerpockets.co...

Michael Zuber's two books are great too.

We have a bunch of other resources we love if you are interested to not hesitate to reach out, connect, and DM me

+1 to what Nathan G. said! Network network network!

If you can find a mentor and find ways to provide them value.

Happy to chat more if interested.

@Branden Yang let's connect, maybe we can work something out that works for both of us.

@Hector Valadez welcome and congratulations on doing the work!

We're currently in California and invest exclusively out of state in the Midwest.

Happy to connect and share all the failures success tips tricks and tools if you're interested.

Reach out connect and DM. Happy to spend the time sharing what we know

Hey @Logan Stralka welcome to BiggerPockets and congratulations on doing the work and reaching out!

Always good to connect with like-minded people! I remember when we were getting started, such exciting times!

We spend a few hours a week giving back to the community and love to talk all things real estate, especially helping people out who are getting started.

Happy to share all our mistakes, successes, tools, tips, tricks, etc. Please do not hesitate to reach out, connect and DM me if interested!

well done, Logan!