The 90 day challenge

5 Replies

I just want to start off and say I am a newbie. I am looking at property outside of the New York area. I am interested in buying property in other state but I don't have time to look at the property.  What is the best advice on how to handle and not get screw on property you havn't physically seen.

I've been wondering that myself.  I get the feeling that some people DO buy without having seen it, but that's not for me!  (Partly, I like the shopping experience.  lol)  But I did read 1 person who said they had their agent take a lot of pics.  Maybe you could even get them to do FaceTime or something and walk through the house "with" you and you could tour it that way? 

Good luck!  Getting  trusted agent (or better yet, a trusted friend) to view it for you seems really important.  If you have the money to spend and plan to invest in a certain area a lot, perhaps you could even either contract with another BP person or hire someone locally to be completely on your side.  You just pay them per visit or something.  Or if you aren't looking to invest too far away, maybe even a friend in real life would be willing to check out the properties if you pay for the trip.  If it were me, I'd totally be willing to because, like I said before, I like the shopping experience.  lol  Surely you have a friend who likes shopping.  ;-)  Of course, you'd need to train them to know what you are looking for.  Perhaps some local property visits can be done together as a part of the training.  :-)

You must have team members on the ground in the market that you want to invest in. They can help you with pictures and documents so you feel comfortable buying the property sight unseen.

In other words, Jamal, you're gonna get screwed pornographically, magnificently, magisterially until you find the right people to help you in your target area. Start looking for those people as much as you look for properties where you want to buy.

Be sure that any "boots on the ground" operative you use is working for YOU, and is not a secret part of any potential deal. They should be up front about any conflict of interests. If they steer you to property A instead of B, you want it to be about the strength of the deal, and not that they are getting a kickback from the seller.

I love the advice everybody. I think I might need to make visits to these places a line up properties to see and form a team to help assist me.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Join the Largest Real Estate Investing Community

Basic membership is free, forever.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.