Confused About Potential Deal In Upstate NY

I do a majority of my investing in the Metro NY, NJ, CT area.

I have a potentially good deal in Binghamton, NY, about 3 hours away.

I would like to filp it, but I don't know if it is worth making the trip to see it?

Do I need to see it? Can I flip it without ever looking at it?

I don't want to miss out on this one.

How do I handle this? confused

Comments(4)

  • Birddog18th March, 2004

    Your best bet, is to try and get in touch with an investor in the area, tell them you have a property under control, and you need to pass it up, because your money is tied up, and start with that, see if he bites
    [addsig]

  • active_re_investor9th March, 2004

    You can certainly flip it without seeing it first. You can also get an realtor to comp it for you (and take some pictures) so you have a little package that shows you want you have and shows possible investors.

    Be creative. Also consider if it is worth your time.

    John

  • trump21129th March, 2004

    Thats a great idea. Should I try to tie it up in contract first?

    I am worried about the realtor convincing my seller to list it.

    I do have a motivated seller, but he is looking to stay for at least 2 months.

  • smallinvestments9th March, 2004

    Maybe a lease option and let him rent it back for the next two-three months?

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