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Updated over 8 years ago,
Best way to take action on out of town potential deal
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?