How to buy an out-of-state investment property without a realtor?

[Gray Dyer]

Found a great investment property but trying to keep everything as cheap as possible and do a deal without a real estate agent(nothing against real estate agents). I found the owner of the property and can message them on social media but I'm not sure where to go from there. I've bought a few homes with real estate agents and I'm familiar with you usual steps but are there other things I could do myself to save on closing costs. Title fees, etc... Would love to hear from other who do it themselves!

[Tyler Fontaine]

So if you’re out of state - a local, experienced, agent will only help you get the deal done.

Do not cut costs or cheap out in attorneys, cpas, or contractors. The pennies saved will cost you dollars in these areas.

If you really want to cut out the realtor then contact the seller like you mentioned. Come up with a couple offers/options you can present to them.

Find their pain points and leverage them with solutions. Explain, “how much money will be saved without an agent…”

Also consider if you don’t have an agent who will be your boots on the ground that you trust? 

Who’s gunna do an inspection properly?

Who’s gunna ensure the comps are legitimate? 

Who can be your connector for local help? Contractors, inspectors, appraisers, property managers etc