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Updated 12 months ago, 12/28/2023
Questions to ask seller before purchasing rental property?
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.