First investment property help

[Jenifer Garcia]

Hello,

I am still working towards finding my first deal and find myself not confident enough to squeeze the trigger and make an offer. I am also investing out of state.

The following is an example:

Asking price: 135k

Comps: $185-210k

Location: OH, 43123

Description: 3 bedroom 2 bath 1530 sq-ft and a full basement. Property needs moderate rehab.

My questions.

1. How can I get the most accurate rehab cost before making an offer?

2. What steps should I be taking to ensure I am buying right?

3. Tips for investing out of state. Buy process and rehab process.

All feedback is appreciated!!

[Marc Rice]

Quote from @Jenifer Garcia:

Hello,

I am still working towards finding my first deal and find myself not confident enough to squeeze the trigger and make an offer. I am also investing out of state.

The following is an example:

Asking price: 135k

Comps: $185-210k

Location: OH, 43123

Description: 3 bedroom 2 bath 1530 sq-ft and a full basement. Property needs moderate rehab.

My questions.

1. How can I get the most accurate rehab cost before making an offer?

2. What steps should I be taking to ensure I am buying right?

3. Tips for investing out of state. Buy process and rehab process.

All feedback is appreciated!!

My questions.

1. How can I get the most accurate rehab cost before making an offer?

Walk it with a GC / renovation crew.

2. What steps should I be taking to ensure I am buying right?

Analyze your numbers and inspection report.

3. Tips for investing out of state. Buy process and rehab process.

Find a good investor friendly realtor who can guide you. Don't buy too large of a rehab to start.