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Justin Young
  • Investor
  • Honolulu, HI
93
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362
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How are you closing quickly as an OOS investor?

Justin Young
  • Investor
  • Honolulu, HI
Posted Oct 10 2017, 11:22

Aloha BP!

In the process of overcoming my fear as an out of state investor, I'm determined to take action and not allow my fear to prevent me from pursuing real estate. The risk with doing nothing is far greater than taking action assuming I have calculated the risks and ensure there are mitigated plans in place should something unforeseen happen. A big problem I'm finding though is being able to perform due diligence on properties that come onto my radar in a short amount of time. Indy is such a fast pace market that I'm unable to get another set of eyes on the property in time before another investor snags it from underneath me. Sure, I could lock it under contract, sight unseen, and perform my DD then but I'd hate to be the guy that locks up everything but only closes on a small percentage. Most wholesalers are asking for a 14 day closing period. Is that really enough time to get a contractor or home inspector to review plus create the paperwork that helps you make your final decision?

How are other OOS investors closing on properties quickly? Thanks in advance.

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