Too good to be true? Remote investing and What to ask about

[Quin Weidner]

Hey guys, I'm fairly new to this. 

I found a deal that looks AWESOME- almost too good to be true listed online as a foreclosure. Even with a hefty repair budget, this looks like a great deal.

Since I can't get up to see it right away to vet it, what specific questions should I ask the realtor?

Should I have a property management company check it out for me?

What kinds of things do I need to make sure I didn't miss?

thanks guys!

[Andrew Johnson]

Quin Weidner Are you sure it's for sale and not advertising a low "opening bid" price? I've noticed more than a few "greater deals" are just auction company listings that have a reserve.

That said, it's probably best to talk to a realtor. I wouldn't depend on them for repair estimates but foreclosure stuff is tricky. Homes also go out of foreclosure so it might be a little challenging for a first bite at the apple. Still, it can't hurt to ask.