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Updated over 6 years ago on . Most recent reply

- Rental Property Investor
- College Station, TX
- 1,004
- Votes |
- 985
- Posts
Out of state, sight unseen investing
BP,
Kinda freaking out a little, just made my first offer on a property from 700 miles away in a town I've never been to, on a quadplex I have no intention of ever seeing in person. To clarify this would be my first investment property. Basically, I'm taking a leap of faith, using lessons learned in "Long-Distance Real Estate Investing" to hopefully build a passive income stream.
Hope my research pays off.
Basics on this first deal...
Quadplex (Four x 2 bed/ 1 bath)
Asking 170k
Offer 155k
Rent per month: $1640 (market supports $1800-2000)
I'll try my best to provide updates on my huge success (or major flop)!
- Gregory Schwartz
- [email protected]
- 443-812-0357

Most Popular Reply

I blindly signed a 8 year contract with the USMC that has turned out all right. This seems less risky than that. I feel comfortable with the team so far and have had good recommendations from BP members.
Win or lose on this deal I'll keep you all up to date
- Gregory Schwartz
- [email protected]
- 443-812-0357
