Steps to buying an off-market property ?

[Andrew Caldieraro]

Hi, I’d like to start looking for off-market properties for a buy-and-hold strategy. I’m looking for basic insight on the process and if I’m missing any pertinent information.

1. Have financing in line.

2. Determine what area you want to invest in.

3. Contact the owner’s of properties I’m interested in.

4. Run comps and submit an offer to property owners.

5. Send seller a purchase agreement after agreeing on a sale price.

6. Send signed purchase agreement to the title company of choice and send title company the earnest money.

7. Do due diligence, inspections, appraisals, etc.

8. Have title company do a title search.

9. Close on property at the title company.

Am I missing any critical parts to this process?