Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago, 09/21/2014

User Stats

319
Posts
103
Votes
DJ Cummins
  • Rental Property Investor
  • Bethalto, IL
103
Votes |
319
Posts

touring our first four properties... and I have questions

DJ Cummins
  • Rental Property Investor
  • Bethalto, IL
Posted

Happy Friday everyone!  So tomorrow we are touring our first four potential investment properties.  What are some good questions we should be asking the owners?  How long units have been vacant, how long other units leases are.  i have driven past all four multiple times.  We are looking at 2 4-plex, a duplex, and a sfr.  Also....one of the 4plex is owned by the agent, and been for sale nearly two years.  Inside of it looks great.  It is half brick half siding....definitely needs new sighting.  I really like this property but the asking price is a bit high for our first purchase.  The price is understandable for this property but the 20% down will use up about 75% of our starting capital.  How do you recommend I mention the seller carrying the second for the down payment or a portion of it?  Being owned by a fairly large group of family realators,  what are the chances they would agree to that?  Any suggestions are appreciated! !

dj cummins

Loading replies...