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Updated 9 months ago,

User Stats

38
Posts
17
Votes
Sejin Kim
17
Votes |
38
Posts

Need advice!Closing first long distance property

Sejin Kim
Posted

Hello, I am a beginner investor and thanks to all of you, we got our 1st long distance property contract signed. 

However, when do you recommend to visit property if your property is out of state? 

I live in CA and we are investing in Florida. 

We visited place, checked out a few properties, came back, made an offer, negotiated and finally property is under contract! 

Its cash offer so our real estate agent recommamded to close in 3 weeks. 

we have inspection scheduled this week. 

So I dont think I will visit when inspection is done. ( There is tenant living and propert looked well maintained. Just need some cosmetic repair of kitchen sink and bathroom sink to me) 

After phachase, we plan to furnish and do short term rental. 

Do I need to visit before closing? 

I trust my realtor, he seems very honest, so I am plaining to visit after furnishing ( we will hire someone to furnish my place) before picture taken and make sure furnishing is well done and be there for picture taken and do last work ( organizing or cleaning...) 

Howeve it is our first inevestment property and it is out of state, I am not sure if that is okay. 

Can anyone advise me? 

Thanks. ( We are using realtors inspector) 

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