Lehigh Valley- properties gone too fast.
Hello all,
Because of my day job, I cannot look at potential investment properties the same day. So, I have to wait till the weekend.
I was interested in a couple of triplexes/ 4plexes in the Lehigh valley region. These properties came out on a Thursday. I did the numbers on these properties and they worked for me. My agent( who says she sells properties upto 4 units, she doesn't invest in real estate herself though) made an appointment for me to look at them on a Saturday.
However, every single one of them was SOLD before I could even get a look at them on Saturday. Obviously seasoned/local investors have an advantage here and can rapidly make offers. I used the Saturday to familiarize myself with the areas that I am interested in investing, so it wasn't a completely wasted trip.
Ideally, I would like some time to analyze a deal, look at the property and the neighborhood, maybe talk to the tenants before making an offer. Since, I am a newbie, I do not feel comfortable enough to make offers sight unseen.
Should I look at less competitive markets to get my feet wet or is there something I am missing here strategy wise.
Is there a better way to go about doing this..
Thanks