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Updated about 6 years ago,
Off-market deals utilizing financing and inspection
I'm preparing to start my search for my first off market deal. I plan to use some strategies outlined in Anson Young's book "Finding and Funding Great Deals", including getting a list of target deals utilizing ListSource.com and direct marketing to these properties through both cold calling and direct mail. It appears that most investors that use this strategy tend to offer all cash and not require an inspection. However, I'll be using financing, and since I'm still a new to the game I want an inspection to ensure I'm not buying a total money pit that has cracks in the foundation or other worst case scenarios.
To those of you out there with experience in direct marketing for off market deals, do you see this as an issue to me achieving success? I was thinking I would pay all closing costs and purchase the property as-is to still make the deal sound sweeter. Either way I plan on giving it a shot.