Buying Properties Sight Unseen

[Dan Powers]

I'm curious to hear everyones thoughts and experiences with buying sight unseen. The pros, the cons, what goes into making that quick of a decision, and what would stop an investor from pulling the trigger.

I've had many investors with wide ranges of experience buying sight unseen, but with others they have to see it in person even when the stars align on a deal and they end up missing out because it sells before they can see it.

Share your stories, whether they're horror stories or the best decisions of your life.

[Bryan Noth]

@Dan Powers my favorite method of thinking on this:

When you start REI you want that reassurance, you need to see it and inspect it yourself. That is fine, but if you want to scale, and the goal is to to own 100 units, for arguments sake. Is it really worth your time to walkthrough and inspect all of those? Even if you purchase 50% of each property you get under contract, with scale that is a massive investment in time. At some point, you build a team to do that for you. It does not have to be at the outset, but people that put systems in place can grow because of the scale. It does not fit every investor's preferences, and that is fine as well.

With the right team, buying sight unseen has been a strong option for me and saved me time to dedicate for tasks that required my attention more.