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Updated almost 9 years ago on . Most recent reply

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Seth Golding
  • Investor
  • oceanside CA
0
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4
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Making offers on properties sight unseen

Seth Golding
  • Investor
  • oceanside CA
Posted

My business partner and I are looking for a fixer uppers, basically trying to do the BRRR strategy. Because we plan to make low ball offers, we are finding it tiresome to schedule showings of properties and then finding out afterwards that the owner isn't interested in negotiating to a price that makes sense for us. We had the idea that we would like to make offers on properties sight unseen, and perhaps even put them under contract before seeing them, and then use the inspection contingency as our chance to further analyze the deal. Our real estate agent didn't seem to like this plan, and we are not sure if making offers sight unseen is bad practice or if this is a viable technique for investors. Any input would be greatly appreciated.

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