First Rental Property Inspection

[Sungpil Lee]

Hello - 

I am going to visit my very first potential investment properties this weekend. I have been busy running the numbers and analyzing deals but kinda neglected the list of questions I should be asking to the real estate agent as well as the home owner (if the person will be there). 

I have a general idea as to the kind of questions I should be asking such as 
1. How much are the rents generally? 

2. What is the average vacancy rate? 

3. Why are you selling this property (not in a rude way) 

4. How long have you owned this property

But I feel like there should be more questions I should be asking in order to help me get one step closer to concluding that this is a good deal. Does anyone have a list of questions that can be kindly shared or have a link to the list within Biggerpockets.com or any other source? I feel like I have seen the list in BP but forgot to take notes of it. 

Thanks for reading my post 

[Andrew Fredrickson]

Hi @Sungpil Lee ! 

You might also get some insight from these articles: 

https://www.biggerpockets.com/renewsblog/2015/03/18/due-diligence-guide-houses/

https://www.biggerpockets.com/renewsblog/2014/10/24/the-ultimate-due-diligence-guide-for-buy-and-hold-properties/

Best of luck!

-Andrew