66: Rookie Reply: Buying Sight Unseen & Financing Off-Market Deals

This week’s question comes from Mitch on the Real Estate Rookie Facebook Group. Mitch is asking two questions: How do you close on a property sight unseen and how do you finance off-market deals?

Our two lovely hosts have expertise in both of these areas. Tony has bought a fair amount of property sight unseen and Ashley has used some very creative strategies for financing off-market deals.

Here are some suggestions for both of Mitch’s questions:

• Get your agent, inspector, and general contractor to inspect a prospective sight unseen property
• Don’t waive the inspection clause, especially if you’ve never been in the property
• Look for lenders that aren’t traditional banks, especially those that work with investors
• Ask local banks if they offer any products that could help with your funding
• Use a line of credit or borrow against your stocks/other assets
• Ask for seller financing whenever possible
• And More!

If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).

Check the full show notes here: http://biggerpockets.com/rookie66

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