Raise your hand if you've ever purchased a property without seeing it in person.

I'll start

How do I do that?

A THREAD

1. I have a team on the ground that’s prepared to walk a property, take photos, and videos

2. Even if I was able to be present during walk-throughs, I’m NOT an experienced contractor or expert when it comes to estimating rehab costs. That’s outsourced to my PM/team.

Regardless.

3. Last duplex example: I put in an offer as soon as I had a grasp of how much rent it could bring in/how much I’d be willing to spend.

Didn’t have a firm grasp of what the rehab costs would be until AFTER it was under contract.

This is one thing many people don’t understand.

4. You don’t need to check every checkbox and be completely buttoned-up before putting in an offer. Photos, videos, analysis, and feedback from your team on the ground is enough to put in an offer.

*But, also depends on your risk tolerance*

5. If an offer is accepted, congrats, AND you've got a due diligence period for inspections. Get your inspector/contractor/handyman on the phone ASAP and have them walk it.

6. If RED FLAGS pop up during inspection, you can either negotiate a lower sales price, ask for a credit, have the seller perform repairs…or walk away (make sure you have the proper contingency language in the contract).

7. Do I need to see my properties in person? No.
Does seeing them in person provide substantial value to the investment? No.

Being a remote investor forces you to BUILD TIGHT SYSTEMS.

If your vision is to scale you will need to do this anyways. Might as well start now.

8. As a real estate investor, YOU ARE THE CEO. Outsource as much as you can so you can eventually get out of the weeds.

"Start with the end in mind"

My end (not achieved yet) looks like this:

Lots of income coming in.
Not much active day-to-day work.
Just high-level shit.

Here’s a detailed rundown of my experience buying My First Property (it was a train wreck):

https://www.jumpinrealestate.com/my-first-property.html

After that first deal, I started getting better at this little thing called real estate investing. Here’s a rundown of the second property I bought:

https://www.jumpinrealestate.com/my-second-property.html

Then, I thought I was big time.
I SCALED UP. I went big.
The third property I bought was a duplex:

https://www.jumpinrealestate.com/my-third-property.html

I was officially a big-time investor…
At least I thought I was hahah.

Next, I started testing out new strategies…
Because I really wanted to SCALE FASTER.

At that point, I was pretty dry on capital, impatient, and had to find ways to get into bigger deals.

I didn’t want to wait years to get into apartment complex deals.

In comes the value of PARTNERSHIPS.
And in comes the value of NETWORKING.

And that’s how I invest out of state.
That’s how I invest remotely.
That’s how I buy property without ever seeing it.

I can’t stress the importance of networking.
I know a bunch of you are reading this saying to yourself…

”that’s stupid”
“that’s cliche”
“that’s what everyone says”

I’ll tell you right now…

If you put in the effort to make meaningful connections every day and don’t stop for the rest of your life...

YOU WILL SUCCEED.

And the rest is history.