Got out first out of state deal! Next steps?

[Svetlana Kazantseva]

Hi BP community! It's a huge day for our family, an offer on our first investment house has been accepted by the seller! We had such a hard time competing with cash buyers in Kansas City, MO. Now I'd really appreciate your advice on the next steps.

Do we book inspection now? How do we provide access for the inspector, or does seller lets them in?

We'd need some works on the house done to get it rent-ready - any advice how to approach this?

Would appreciate any input from experienced long distance investors out there!

[Matthew Masoud]

As an out-of-state investor, your agent is either going to be your biggest asset or liability.

Your agent should have very specific answers to these questions based on what's in the purchase and sale agreement.

Start building your team now. You need a good agent, contractor, and property manager. 

Congrats on getting your first deal under contract, that's a big step.