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