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Updated over 9 years ago on . Most recent reply

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15
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Jeff D.
  • Investor
  • Austin, TX
0
Votes |
15
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What to ask seller for when looking at properties?

Jeff D.
  • Investor
  • Austin, TX
Posted

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! 

Most Popular Reply

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30
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8
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Stephanie Minor
  • Property Manager
  • Valhalla, NY
8
Votes |
30
Posts
Stephanie Minor
  • Property Manager
  • Valhalla, NY
Replied

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.

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