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Updated 2 months ago on . Most recent reply

User Stats

23
Posts
4
Votes
Alex Collins
  • New to Real Estate
  • Indianapolis, IN
4
Votes |
23
Posts

First REI Prospect!!!

Alex Collins
  • New to Real Estate
  • Indianapolis, IN
Posted

Good Morning BP Community,

I think I found my first REI property! Lets GOOO! This is simultaneously exciting and nerve-racking. I need your help BP community. This potential buy needs a little work done so I need someone to come out and just do a general assessment of the property. Is it best to have a contractor come out and assess the property or an inspector?

Most Popular Reply

User Stats

53
Posts
28
Votes
Zalman Ives
  • Real Estate Agent
  • Brooklyn, NY
28
Votes |
53
Posts
Zalman Ives
  • Real Estate Agent
  • Brooklyn, NY
Replied
Quote from @Alex Collins:

Good Morning BP Community,

I think I found my first REI property! Lets GOOO! This is simultaneously exciting and nerve-racking. I need your help BP community. This potential buy needs a little work done so I need someone to come out and just do a general assessment of the property. Is it best to have a contractor come out and assess the property or an inspector?

Hi Alex, great that you're getting into real estate! You can make great profits flipping houses, but you can also lose a ton if you don't do it right.

That said, I encourage you to be in touch with an investor friendly agent in Indy. I found a great one using the BP agent finder tool and another great one through local investor connections. Feel free to dm and I can put you in touch.

Also, please have a licensed and vetted contractor walk the property either before putting an offer or during an inspection period when you can back it and get your deposit back.

Skepticism up front is always better than regret later. Happy to help if you'd like.

  • Zalman Ives
  • (917) 602-3548
  • Loading replies...