Buying properties site unseen and in minutes of posting

[Cody Jensen]

Hey everyone,

So far I have NO sort of luck getting my hands on ANY properties as of yet in New Jersey. I have been aggressively watching each MLS listing and have made decisions to go forward with getting the property under contract etc asap.

Though, i am always sniped by buyers who never seen the property before. I have gone and looked at the properties MINUTES of it being list on the MLS with No photos, No tax numbers, No rent roll or disclosure of any kind... YET 5 minute after the listing is posted it goes under contract/attorney review.

Most of the time I'm physically inside of the property and it goes under-contract or attorney review...

So far this has happened on 14 properties. 

Am i doing something wrong? Am i wrong for taking less then a day to see if the property has any violations or safety concerns ? What gives? 

Some properties I've walked through, had a waterfall from the roof coming into each unit ! Goes under-contract as im watching the water running down the walls..

I honestly don't understand how you can buy a property without looking or at least doing your diligence before making an offer.

Am i doing something wrong???

[Christopher Phillips]

@Cody Jensen

You've got a few choices.

Find the properties off market.

Submit your offer with an inspection contingency.

If you know a market well enough, you already know what they can rent for, you can run your initial numbers before even seeing the property to make sure a property falls within your criteria. If you are going to see the property first and then do research and analysis, you'll always be behind.