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Updated almost 10 years ago,

User Stats

105
Posts
41
Votes
Julie Hassett
  • Rental Property Investor
  • Glen Arm, MD
41
Votes |
105
Posts

Help! I've fallen in love with a long-distance MFH! What's my next step?

Julie Hassett
  • Rental Property Investor
  • Glen Arm, MD
Posted

Hi BP colleagues!

I'm relocating to Baltimore from Los Angeles in June/July and I found a triplex online that I've fallen for. 

It is:

  • in the exact neighborhood I want
  • in the sweet spot of my price range
  • the first-floor remodeled unit I had my eye on is going to be vacant in July, so I can move in without evicting anyone
  • a rare find multi in a neighborhood of SFHs (there is nothing else like it on the market right now)

Plus, it has a huge fenced backyard for my dogs (also rare to find)

The numbers are all laid out right here:

http://www.benfrederick.com/assets/properties/Elm3...

So, being the impulsive sort that I am, I want to put in an offer from a distance. But I'm not scheduled to go back to Baltimore until mid-July. I'm nervous that this is the "one" and it might be gone by then. 

It's already been under contract twice in two months (fell out once for financing and once for timing of the leases not lining up with an investor's rehab plans).

What's my next actionable step? Would I be crazy to put in an offer sight unseen? Or should I listen to my gut and go for it, knowing that if something crazy comes up during escrow I can always bounce?

Any hard-won advice is much appreciated! Thank you!

--Julie

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