No Contingency REO's

[Bob McIntosh]

Ok... so I just found out today for the 2nd time in a row that the property I was hoping to put an offer on is now under contract...

I am running into the follow situations and would like some advice... 95% properties I look at are bank owned, and specficially state that any offers submitted must be with "No Contingencies". So I can't put in an offer contingent upon the inspection of a contractor to get a better estimate of how much money it will take to fix up the place. I am hesitant to just put in an offer because this is my first time and while I think I am estimating close to the cost of repairs I am 100% certain that I am not exact.

I have a contractor that I schedule a time to meet at the property and walk through it but both times they are put under contract before I do that. Is there something I can do about this? Should I bring a contractor with me when I view properties? I feel like that would be a waste of his time if I don't end up liking any of them...

Any other thoughts are suggestions on what I can do about this situation?

Thanks!