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Updated over 6 years ago on . Most recent reply

Bank owned property question
I’ve been reading as many RE investing books as I can along with watching BP webinars as I am new to Real Estate investing.
I found a bank owned property 2 hrs away from where I live and I need to know how to proceed.
The property is a 2 bedroom 1 bath house, 1100 square feet for $129,000.
It’s been on the market 4 days and and an open house is scheduled by the realtor this Sunday.
My questions are:
1. Do I need to wait until Sunday to see the house or can I contact the realtor to see before then?
2. I will be running the numbers later today but for now I’m scared out of my mind on how to proceed.
3. When I look at the house and if I want to move forward, do I take a cashiers check with me as an earnest deposit?
My intentions are to buy and hold - possibly rent short term so we have a vacation house to go to. This little town is really popular year round so I don’t think short term rental will be a problem.
Even though I’ve probably read 15 books on real estate investing recently, I’m afraid to move forward without some advice from people who have done this before.