Hi ,Happy New year.
I have a question.
I have a lady who saw an ad I have posted on the internet about purchasing property with lease option and she contacted me about her property , the only thing is ,is that it’s in another state .
Can I still lease option this property even though I can’t see the property?Or can I flip it to another investor in her area?
I need this anwer ASAP ,because I mention in my ad that I will get back to them within 24 to 48 hrs.
Thank you for your time and patience. ???
You can lease option a property in another city but it is helpful to have feet on the ground. Negotiate a super deal over the phone. Get a true recordable option subject to inspection. Contact the recorders office and get it recorded. Then contact someone in a local club and ask for help or flip them the option to lease or buy subject to.
I live in Ft. Worth but once did a deal in Cleveland, OH in which I did a purchase and simultaneous sale using an owner financed note that I brokered. All over the phone.
I did one in San Antonio where I never saw the buyer or seller. Did a simultanious close. I did inspect the property before buying and after the contractor did the repairs. I still collect payments(even after their chapter 13) on a small second I took to make the deal work.
It can be done but definately helps to have feet on the ground.
Hi Happy New year, Thank you for your reply and help. 
How do I go about getting a true recordable option subject to inspection?
How would I Contact the recorders office and get it recorded if I am in another city? ???
The number may be in an online directory like switchboard or infospace.com. Or call a realtor or title company in that area for the number. The recorders office will give you the address, cost and form of payment. Try it on your county.