I'm a newer investor here working towards my first deal and i'm very excited. My realtor is investor friendly and she is always on the same page with me in looking at deals and offering on them. However, I realize that it is tedious to look in person every single property that we're considering making an offer on. Even the properties that have lots of pictures that makes you feel like your at the property. (This can be deceiving at times though) How do you guys go through your processes in finding deals? Do you usually look at every property you offer on? Or only the ones that get accepted and you make bids off of the pictures given?
depends how you write the contract or strategy you deploy. Some people toss out offers to everything then work down, others toss low offers and hope they get accepted.
@Brian Tran I invest out of state and when I think about it I have never personally looked at any of my units until after closing. I do rely on a bird dog, my property manager, my roofer and my 1st ex wife's second cousin ( only kidding on the last one ) for viewing, drive byes, prowling, and an occasional break in. The key is a good team or if your buying near you just make sure your offer contains a good inspection and due diligence period. If such is the case I say offer away if you are positive you can actually close ( have the money or the actual ability to get it ASAP ) if everything is right. If you waste everyone's time too many times they will justifiably slip away.
@Brian Tran I only look at properties where the numbers and deals make sense. Browse through 100. Anlyze 10. Visit 1 or 2.
in this market I don't think there is time to view anything until you get a contract accepted. You can usually get a broad sense of work needed from pictures but not always.
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