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Updated almost 5 years ago,
"Investors" walking property, what's your take on it?
Here’s my question, are there investors out there that actually buy property without having seen them physically themselves; buying without stepping foot in and walking the floors?
The reason I ask is because when I was doing some wholesaling a little while back (I still wholesale), I would take tons of High Quality pics & shoot high quality videos, but no matter what when I sent them to my “investor buyers” they always insisted walking the property themselves... Because of this I began to place these “buyers” on a lower tier buying list (as in non-VIP buyers), especially after having read David Greene’s Book “Long Distance Real Estate Investing”. There’s a paragraph from the book that I’ll include here.
“people feel uncomfortable buying a property they can’t see in an area they don’t live in, and fear has a lot to do with it. The thing is, you aren’t buying a home; you are buying a small business—an investment. There aren’t many reasons to feel so afraid if you’re looking at things from an investor’s perspective. Investors focus on numbers; consumers focus on feelings. Going beyond our gut feelings as real estate investors forces us to get serious about our guidelines.”
The “Investors” on my list aren’t out of state either, they’re local to the area. You would think (at least I would) that if they were seasoned investors and they had plenty of pictures and videos and a great boots-on-ground person that they might not have to walk it physically, but I guess that’s just my train of thought.
What are yalls thoughts on this?