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Updated 1 day ago on . Most recent reply

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Christiana Scheevel
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Advice on inspections for out-of-state investing.

Posted

I am a rookie just getting into real estate investing. I have not done any deals yet and would love some answers/advice. I am looking to invest out of state because where I live is too expensive for me to start. Looking to invest in turnkey rental properties or simple cosmetic rehabs for rentals. What things to I need to do or look for before closing to ensure I am not buying an awful property or getting myself in trouble. I assume pictures/videos of the property and an inspection, but is there anything else? Also, what about homes being sold as-is with no inspection? Can I ask for an inspection anyways or should I just avoid those altogether? 

Thank you all so much!

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V.G Jason
#1 General Real Estate Investing Contributor
  • Investor
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V.G Jason
#1 General Real Estate Investing Contributor
  • Investor
Replied

Ask yourself what measures you would go to be confident in your decision on a $300k + asset?

I'll save you from the thought of it. Do yourself the trouble of checking out the house in person and getting an inspection, if you like it enough to offer on it.

If it's "too much trouble" to fly there and check it out. This entire process will be "too much trouble". Go buy equities or something, you won't survive. 

  • V.G Jason
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