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Updated 12 months ago, 12/28/2023

User Stats

87
Posts
58
Votes
Cheza M.
  • Investor
  • New York
58
Votes |
87
Posts

Questions to ask seller before purchasing rental property?

Cheza M.
  • Investor
  • New York
Posted

Hi BP community,

I just got under contract and planning to purchase my second turnkey property in ohio from out of state. I’m still very new to all of this and how everything works. But I’ll be reaching out to the seller and I was wondering what questions should I ask the seller before purchasing the property? Also do you negotiate the price if the appraisal comes lower than the sales price? When do you do an inspection? On my first turnkey property, we had a closing coordinator so I didn’t really speak to the seller directly, but this time we don’t have one so I have to communicate directly with the owner.

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