You find a deal ... then what?

[Michael Davido]

I've been watching the webinars, BiggerPockets YouTube videos, taking notes, etc. The advice is always:

1. Leads

2. Analyze

3. Pursue

4. Success

Find deals, analyze them, make enough offers and eventually you'll get one accepted.

So, I go onto Zillow and look around my area. I found a 3 bed/1 bath Single Family Home for $139,000. Current tenant is paying $1,500/month. The house could use a little updating. It's on what looks like a major road. I analyze the property and could maybe start with an offer of around $115,000 to $120,000. If I'm overly conservative I could see this being a "base hit" with about $335/month cash flow and an 8.75% CoC ROI.

The ROI isn't crazy good, but, like I said, it's a "base hit" that will get me into the game taking action.

What's next?  

Do I call an agent an ask them to put in an offer for me?

Do I schedule a walk-through to make sure the ceilings aren't caving in?

Do I get in my car and do a drive by just to check out the area?

I know some people never see the properties they invest in, but in all the webinars and videos I've seen nobody really talks about what you do after analyzing the deal.  The impression is that you analyze it and make an offer and wait for someone to accept.  I feel like there are some gaps in my process that I want to get covered before I take the leap.

Thanks!