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Gregory Schwartz
  • Rental Property Investor
  • College Station, TX
548
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506
Posts

Out of state, sight unseen investing

Gregory Schwartz
  • Rental Property Investor
  • College Station, TX
Posted Jun 28 2018, 06:55

BP,

Kinda freaking out a little, just made my first offer on a property from 700 miles away in a town I've never been to, on a quadplex I have no intention of ever seeing in person. To clarify this would be my first investment property. Basically, I'm taking a leap of faith, using lessons learned in "Long-Distance Real Estate Investing" to hopefully build a passive income stream. 

Hope my research pays off.

Basics on this first deal... 

Quadplex (Four x  2 bed/ 1 bath)

Asking 170k

Offer 155k

Rent per month: $1640 (market supports $1800-2000)

I'll try my best to provide updates on my huge success (or major flop)!

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