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Updated almost 6 years ago,

User Stats

102
Posts
43
Votes
Jian G.
  • Rental Property Investor
  • San Diego, CA
43
Votes |
102
Posts

First apartment deal, offered full price w/o looking at property

Jian G.
  • Rental Property Investor
  • San Diego, CA
Posted

We found a 5 units about 6 hours of driving distance and the COC looks very good and we offered at asking price without seeing the property. We know it is in a bad area where people have low income but since it is a relatively small investment at $400k we want to get the offer accepted before the full under writing and flying out to visit the property. I did spend 2 hours looking at street view of every corner around that area and google recently updated in 2019. We have bought houses that we never seen the property and have yet step foot inside them. What are your thought? I just feel like it would be a waste of time and money if we don't get the offer accepted vs I can always back out after we are in contract if we find information that change the numbers.

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