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Updated over 6 years ago on . Most recent reply
Out of State Investing Question
I am a beginner in out of state RE investing and had a question for those doing out of state investing:
Do you always send a RE agent to check out buildings before making offers?
After I crunch the numbers and check out images I feel fairly confident in sending an offer (especially because so many of them would likely be turned down) and I don't want to have my agent running around like crazy to look at places, 80% of which wont accept my offer.
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@Moira Mosley-Duffy - In addition to the commentary already provided by @Milton Rivera and @Grant Rothenburger... it's worth mentioning that we've had a positive experience with the service called WeGoLook before entering due diligence, when purchasing properties remotely.
They took updated pictures, did a 2 page (simple) PDF summary of neighborhood observations and we paid a couple extra bucks for iPhone videos of the neighborhood, to make sure we weren't purchasing properties in warzones. It was well worth it, for us... and built confidence that we were putting in the right offer.