Inspecting a Property As an Out of State Investor

[Minhaj Choudhury]

Hi- If I’m a buy and hold out-of-state investor making offers on properties, at what point in the process does it make most sense to send a contractor or an inspector to inspect the house in order for me to determine the approximate rehab costs? Would it be right after I receive a counter-offer? Second, what instructions would you give the contractor/inspector to ensure you get the most out of the assessment? Keeping in mind that a contractor may exaggerate to make a house seem it’s in worse condition than it really is. Thanks!

[Caleb Heimsoth]

You’d send an inspector most likely after you have it under contract. You can probably send a contractor before or after it’s under contract.

Buying out of state is one thing, managing a rehab from a Far is much more difficult. Just something to consider