I’m Not Fast Enough

[Kyle Fitch]

Hey everybody, 

In my area there seem to be condos that will pop up which could possibly make good cash flowing rentals. They tend to run anywhere from $100-150K per condo. My problem is, they tend to get swept up before I have the time to blink. Any advice? I’d like to make the jump on my first rental property but have no idea how to get in the game.

[Bradley Buxton]

@Kyle Fitch

Having an investor knowledgeable agent will be able to set you up on an alert that can tell you when a property hits the market. Then put an offer at asking to tie it up for a feasibility period. Then you can run your numbers, check insurance, cap ex, special assessments, and get inspections. Make sure you have proof of funds or a pre-approval letter ready to submit with the offer.