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Updated almost 9 years ago,
Triplex viewing tomorrow - any advice?
Hi all...
I'm going to see a triplex for a potential buy and hold rental property tomorrow. I've been researching here (and elsewhere) for a long time and am working with a great agent. But, i was wondering what kind of checklist you guys might bring with you? (Mental or otherwise.)
A few tidbits I do know...
- I know the area - very good, very familiar with the rents/appreciation, etc.
-I know the individual (and gross) rents/gross income of the property.
-2 of 3 units are rented, receiving applications for the 3rd. (2 units under short term remaining leases.)
-Sidewalk visual inspection - No apparent major issues/looks well kept
-No rent control
Besides inspection/title search and other basics, are there any other formulas, things you like to ask for, things you've learned from mistakes with multi-units, etc?
Would love some input so I can do my best in a short time period tomorrow. It's a well priced property in a good area so I'll need to move reasonably fast doing my due diligence.
Thanks in advance all!