Rental Property Investor · Bristow, VA · Member since 2017 · 8 posts · 1 vote
Hi,
Dumb question, but do you all visit every property you purchase?
I'm looking at some deals 6 hours away from me. I'm getting to prepared to drive out there this weekend but want to see if I really need to do that.
I need to understand what any costs to repair may be, but could I alternatively send an inspector?
As I'm just starting out I haven't built solid enough relationships yet to trust ALL of the information I get. Sadly, I'm a naturally skeptical person. "Trust but verify" right?
Appreciate anyone's insights.
Thanks,
Joe
I don't look at any properties I make "offers" on...until my offer is accepted. Waste of time. Offers are based on what my numbers need to be, not what the property/seller "tells" me they want. If I get an offer accepted, and I inspect it, and the property doesn't want to "play nice" with my numbers, I withdraw my offer. That's why you have an inspection period in your offer.
In the time you took to drive out to this property (6 hours...wasted), and inspected it, and found out you liked it, I've already made my offer (and probably 30 others...or more), and got it accepted.
if you're starting out investing, I would suggest getting something closer to you and seeing it first. Once you become a seasoned investor and know how to get out of deals and know more about condition by pics and word alone, you can offer without seeing it