Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 3 times.

Post: No showings until due diligence

Account ClosedPosted
  • Rental Property Investor
  • Lawrenceville, GA
  • Posts 3
  • Votes 0
Originally posted by @Jingru Sui:
Originally posted by @Account Closed:

Looking for my first house hack and I found a 4-plex listed for $500,000. They only have pictures of the outside and, since all unites are currently occupied, they won't do showings until after my offer is accepted. That makes it difficult for me to know what to offer. I have no idea what the insides look like, so I don't know what kind of rehab budget to be prepared for. Should I offer a lower amount assuming there will be extensive rehab? Or should I offer higher, and then pending my own inspection of the property, request to come down in price? Also, how much time should I ask for due diligence? This is near Atlanta, where houses are selling crazy fast. My agent has told me I won't be able to get any offers accepted if I do more than 12 days on a single family home, and for this one thinks I should only go up to 20 days. What is the best way to go about this situation, since I don't really know what I'm buying?

Hey i think i know which on your are talking about Hint(Sxxville) right? duplex to quad is very normal to only show during DD. that's why you have DD. 7 day should be enough in my opinion. Get the contract first is my suggestion. haha

 Yup that was it (guess I shouldn't give out that many details in the future lol). I didn't end up getting it, even though I offered over ask. Next time I'll definitely go less due diligence. I'm just a bit nervous to close so quick since it's my first one, and I also don't have much time outside of work to see the property.

Post: No showings until due diligence

Account ClosedPosted
  • Rental Property Investor
  • Lawrenceville, GA
  • Posts 3
  • Votes 0

@Hersh Shah

Thanks that definitely helps. I’ll try to gather as much info as I can and offer the ask if it still makes sense.

Post: No showings until due diligence

Account ClosedPosted
  • Rental Property Investor
  • Lawrenceville, GA
  • Posts 3
  • Votes 0

Looking for my first house hack and I found a 4-plex listed for $500,000. They only have pictures of the outside and, since all unites are currently occupied, they won't do showings until after my offer is accepted. That makes it difficult for me to know what to offer. I have no idea what the insides look like, so I don't know what kind of rehab budget to be prepared for. Should I offer a lower amount assuming there will be extensive rehab? Or should I offer higher, and then pending my own inspection of the property, request to come down in price? Also, how much time should I ask for due diligence? This is near Atlanta, where houses are selling crazy fast. My agent has told me I won't be able to get any offers accepted if I do more than 12 days on a single family home, and for this one thinks I should only go up to 20 days. What is the best way to go about this situation, since I don't really know what I'm buying?