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Updated over 6 years ago,
Initial Information Request on Multi Unit
First time buyer. I am looking at my first Off Market Mutli from a couple friends who have not put it on market. They have money and don't need the income. And they are tired of dealing with it. It is professionally managed.
What is the asking price ?
Cap Rate Based on Current Asking Price ?
Pitched or Flat Roof ?
Average Vacancy Rate ?
Management Cost ?
Any major Expenses Coming Up?
Is there a T12 - 12 month profit loss statement ?
A Current Rent Roll
Historical Expenses
Would like to estimate how much remaining useable life on major stuff like Roof, Boiler.
So those are the initial questions I asked. Did I forget anything ?