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Updated over 4 years ago,
Distance Investing in Multi-family Properties
Hey all,
I am a Real Estate investor in Barrie Ontario, Canada and I have been working to put together a team in Sudbury Ontario to take advantage of the lower cost of real estate. So far I have been working on putting together my "core 4" and have built a good network of professionals that I think can/will handle the jobs I need. I am focusing on multifamily properties using the BRRRR model. I currently have not made any offers and have reviewed a number of properties that sold before I was able to do so. However, I have found a number of properties that I am interested in. That being said there is a part of the process that still escapes me. Walking the properties to determine the needs
My question is; As my current schedule makes it impossible to get up there for a personal walk down of all the potential properties. How do I go about determining the rehab costs of a given property, so that I can make an educated offer? I am itching to start this next step in my investment journey, but I want to make sure I am doing it right. I am also not in a rush to get into the wrong deal. Any guidance is appreciated. (i have read the bigger pockets BRRRR book, and am currently reading the distance investing book.)
TIA, Adam.