Lehigh Valley- properties gone too fast.

[Account Closed]

Hello all,

Because of my day job, I cannot look at potential investment properties the same day. So, I have to wait till the weekend. 

I was interested in a couple of triplexes/ 4plexes in the Lehigh valley region. These properties came out on a Thursday. I did the numbers on these properties and they worked for me. My agent( who says she sells properties upto 4 units, she doesn't invest in real estate herself  though) made an appointment for me to look at them on a Saturday.  

However, every single one of them was SOLD before I could even get a look at them on Saturday. Obviously seasoned/local investors have an advantage here and can rapidly make offers.  I used the Saturday to familiarize myself with the areas that I am interested in investing, so it wasn't a completely wasted trip.

Ideally, I would like some time to analyze a deal, look at the property and the neighborhood, maybe talk to the tenants before making an offer. Since, I am a newbie, I do not feel comfortable enough to make offers sight unseen.

Should I look at less competitive markets to get my feet wet or is there something I am missing here strategy wise.

Is there a better way to go about doing this..

Thanks

[Sean Mcevoy]

@Account Closed Properties are going fast you have to make an offer that day and go look at it when you are available. Although it is "sight unseen" make sure the offer has a contingency for inspection. I made offers on multiple properties within the hour it popped on the MLS and still didn't get it. I offered on a property and it got accepted and then went to go look at it. In the Lehigh valley right now if a good deal come so the market it willl be gone within hours. Unfortunately that's the way it is and as long as the numbers work make the offer and have the inspection contingency in place to back out if needed.