Out of state investing
Hello BP! Thanks in advance for your feedback!
I am working with a quasi turn key company to purchase my first out of state property. The numbers are good in all respects and I am fairly comfortable with the deal. It currently has a tenant who is terrible but I have out it under contract saying I will not close unless property is delivered vacant.
My main question is how to accurately gauge repairs needed. I've been given an estimate by the middleman I am working with. But since this is a place I will not be able to see myself I would like someone on my side to independently verify the scope of work. Since this is an all cash deal and the tenant issue exists, am I able to get a home inspection before I close? Would really like a second opinion from someone I hire to look at it.
How do you guys handle out of state investments that you can't see and are paying cash for? Thanks.