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Updated about 3 years ago on . Most recent reply
Buying properties out of state in today's market
Hi all, I live in TX and would like to BRRRR out of state due to budget limitations. I am wondering how other investors inspect properties when out of state in today's market. From what I am seeing, reasonable deals on MLS go under contract in 24 hours and realtors tell me that offers with inspection contingencies have no chance of getting accepted. Some wholesalers I connected with are giving investors one hour to walk a property before making offers.
I don't think it's reasonable to have a contractor walk every deal I'm considering and it seems like a risk to make an offer based on a realtor walking MLS properties.
How can I mitigate the risk of major repairs in properties you can't inspect? Who can I work with to walk out of state properties?
Most Popular Reply
I get it’s a sellers market, but these are some pretty aggressive terms to meet. What market are you looking at?