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Updated almost 7 years ago,
First Buy & Hold property
Ok...it's about to be my first buy and hold foreclosure property in Georgia and I keep feeling like I'm stuck on getting the courage to make my move to purchase it. I found a good 3br 1.5 bath that needs a new roof, new paint on the inside and it has a weed like smell that I'm not sure about. It has new carpeting but pretty good bones. I live three hours away and have not seen the property but I've contacted a property manager who looked at the house and said it's pretty nice. The roofer is saying it's pretty nice as well. I've run the numbers and it will make around $160 cash flow. Should I pay an inspector before making an offer or just go for it?