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Updated almost 10 years ago on . Most recent reply

User Stats

205
Posts
32
Votes
Abou C.
  • Wholesaler
  • Central Falls, Philadelphia
32
Votes |
205
Posts

Property Research

Abou C.
  • Wholesaler
  • Central Falls, Philadelphia
Posted

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. 

Most Popular Reply

User Stats

257
Posts
140
Votes
Marshall Downs
  • Investor
  • Benton Harbor, MI
140
Votes |
257
Posts
Marshall Downs
  • Investor
  • Benton Harbor, MI
Replied

@Abou C. 

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!

  • Marshall Downs
  • Loading replies...