What important Q's to ask a Real Estate agent about the property?

[Alex Tromp]

Hello, my name is Alex i'm from a small island called Aruba. I have started looking at various apartment complex here in Aruba. I found about 17 apartment complexes all of them have various real estate agents. Tomorrow i have an appointment with one. so my question is " What kinda questions is important to ask a real estate agent about the property?" i know that the numbers are important to ask but what more do you guys think? so i can make sure it can be a good deal when i calculate all of the number etc.

Hope to get an answer from your guys.

[Brie Schmidt]

@Alex Tromp - That is a hard question to answer.  You need to know everything about the property before moving forward.  

What condition are the major components (roof, HVAC, plumbing, electrical, ect) in? 

Who pays utilities?

What are current rents?

What are market rents?

How much is it going to take to get to market rents?

What changes can be made to increase NOI?

Current Vacancy rate vs the area?

What is the current NOI?

What is the Pro Forma NOI?

What is the cap rate?

What are cap rates in your area?