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Updated over 8 years ago,

User Stats

21
Posts
5
Votes
Leah Fisch
  • Long Island, NY
5
Votes |
21
Posts

Best way to take action on out of town potential deal

Leah Fisch
  • Long Island, NY
Posted

hey everyone. I'm looking to make my first BRRR purchase.

Ive found a potential deal pending more advanced research. 

My target investment area of Rochester NY is ~6 hours driving distance. 

What is the best way to take preliminary action at a distance? I would drive up for the inspection and closing but don't want to find myself driving up and down every day. 

House listed for 115 in need of repairs. Hoping i can purchase for 105 and 15k repairs. 

Estimated cash flow is ~200 per month after accounting for

Mortgage

Tax

Insurance 

Repairs/maintenance 

Cap ex

Management 

Vacancy 

However without walking the property i feel like I'm guessing. 

Financing lined up. 

What do you think? 

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