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Updated over 9 years ago on . Most recent reply
What to ask seller for when looking at properties?
I'm headed to Ohio later this week to look at several multifamily properties for sale as part of a package deal. These will be the first properties I've purchased and I want to make sure I'm asking the right questions before I write an offer.
I've asked the seller for the rental history (has owned 20+ years) and the repair/ maintenance history. Is there anything else I should be asking for before I make a decision?
Thanks in advance!
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Hi Jeff,
I'm new to this as well, and just read "The ABC's of Real Estate Investing" by Ken McElroy. If you can get your hands on a copy, I'd suggest checking out Chapter 7. He breaks down verifying income and expenses in a way that really makes sense so you can put the numbers together and come up with an offer.