Fourplex is a No-show until under contract. Is this normal?

[Brandon Wulff]

Hey BP,

I am trying to get a fourplex under contract, but the listing agent says that the property is a no-show until it is under contract.  All four units are rented out currently, but is it pretty standard to not let an investor see the property before putting an offer on it?  Apparently I can back out of the contract once in escrow, but it's a little odd that I can't see what I'm buying before buying it.  Thanks!

Brandon

[Theresa Harris]

They should have some photos of the units, even if it was from when the units were posted for rent.  Ask for documents to find out how much they rent for and how long the tenants have been there.  Add a condition to view the property within 1 week of signing the contract along with the normal inspection clause.  I'd give yourself a bit more time for the inspection as there is no point paying for it until after you've viewed the units.