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Updated almost 10 years ago on . Most recent reply
Property Research
What type of extensive research have you conducted before and after the property is under contract to buy?. What steps must a investor never FORGET to research, no matter who the seller or agent tells him.
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Hi, it appears from the category that you are asking about a multifamily project? Anyway, here are generalities:
Environmentals
Survey
Taxes
Insurance
Occupancy
Utilities
Leases
Rent Roll
Rent comparisons against other complexes
MEP's (including sewer/septic)
Roof
Structure
Windows
Cosmetics
Appliances
OF course, these will vary depending on the type of purchase, for example having an environmental report on a SF is not customary, however, it is on large MF.
Hope it helps!