Long distance investing - coordinating inspection and GC walkthrough

[Christopher Rucks]

Hi Bigger Pockets!

New investor, working on my first property. I'm investing long distance and wondered what's normal in terms of coordinating the inspection and GC walkthrough from a distance. I'm assuming my agent is responsible for letting these folks in and out of the property while I'm unable to be there. Is that accurate? Or is the seller's agent responsible as they have access to the property?

Would love some insight. Thanks!

[Bob Stevens]

Quote from @Christopher Rucks:

Hi Bigger Pockets!

New investor, working on my first property. I'm investing long distance and wondered what's normal in terms of coordinating the inspection and GC walkthrough from a distance. I'm assuming my agent is responsible for letting these folks in and out of the property while I'm unable to be there. Is that accurate? Or is the seller's agent responsible as they have access to the property?

Would love some insight. Thanks!

 Hello, I know dozens of investors that have purchased properties without ever going to the state where the property is located. YOU MUST have a team in place with a long-term mutual benefit. Your agent is NOT on your team, they are they to make the sale and move on. If you do not have a relationship with this GC do not do the deal. Do you know what the real cost is supposed to be to do the reno, I assume no? IF not do not do the deal. Connect with those that are doing deals and allow them to handle for you. I have seen so many terrible stories. It took me years to build relationships. Now when I need a property walked, I simply give my guy the address and its done typically within 2 hours.  

All the best