Buying Sight Unseen

[Thayne P.]

I’m wanting to get into the buy and hold strategy, and am looking out of state where it is more affordable. Curious as to whether or not I should consider buying sight unseen, and if so what recommendations do you have to ensure I’m not getting burned. Obviously, having a team in place would help, but flying out to see properties that may or may not work is an expense and cuts profits. Could it be worth the risk reward to buy unseen? Also would be curious if anyone out there has bought class C sight unseen? If so, how did you do it and what has the result been? Thanks all!

[Ned Carey]

@Thayne P. I would not consider buying properties long distance sight unseen. Exception I already have someone I know and trust to inspect for me.  I have seen people be ripped off, Paying for a fully renovated prperty and now having nothing but a framed out shell.