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Updated over 10 years ago on . Most recent reply

User Stats

3
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0
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Ed Toomey
  • Contractor
  • Roanoke, VA
0
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3
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Question to ask seller before making an offer

Ed Toomey
  • Contractor
  • Roanoke, VA
Posted

Hello,

I am meeting with a seller tomorrow to look at two properties.

One is a small two bedroom house with a renter in it. The rent is 450 per month. The other is a duplex that is in need of extensive work. I have not seen the property yet so I do not have first hand knowledge of the condition. The seller wants 48000 with ten percent down and will carry the note for up to thirty years.

What questions should I be asking the seller. This will be my first deal and I would appreciate any help.

Thanks

Ed

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