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Updated about 9 years ago on . Most recent reply

User Stats

55
Posts
3
Votes
Bryan Christopher
  • Burbank, CA
3
Votes |
55
Posts

Triplex viewing tomorrow - any advice?

Bryan Christopher
  • Burbank, CA
Posted

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!

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