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Updated over 7 years ago,
First Time purchase questions
I am looking for my first purchase. I live in Georgia and always wanted a place in Florida that we can use when visiting the area and rent it when we are not in the area. I've come in contact with a real estate agent that is selling 2 condos in West Palm Beach. They own it themselves but selling both properties for $130k each. Both are currently rented and have been for 2 and 3 years respectively for 1250.00 and 1200.00 monthly. I've asked if they are good tenants and been told yes although one pays a few days late but always has paid with a late charge. What other questions should I ask to make sure of what I am getting into? They have told me they are selling and moving closer to where the bulk of their rentals are and trying to get rid of these. What can I ask for prior to the sale? Rental records? I don't want to visit and tour if things don't seem right.