Question multi-family

[Stephen Roy]

Hello guys,

I'm visiting a few multi-family lately and at the end of a visit i always a feeling that i miss a subject i miss a question to ask to the Agent.

What are the Overall question you guys ask to the agent?

Thank you!

[Barbara G.]

Originally posted by @Eva Salas:

Well, not knowing what you do ask, it's hard to answer what you might be missing...When you get a property under contract you can delve deep into the particulars of the building and its finances.  I might ask what the historical vacancy rate is for the building, what the general demographic of the tenant base is, what capital improvements have been made in the last few years, etc. Are rents at or below market? A good agent who specializes in multi family will know the cap rates at which other units are selling for in the area and what the rent trends are. 

What are some of the questions you do ask? 

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I agree that these are important questions but don't you want this information BEFORE you go to contract?  Your offer is actually based on the answers to these questions.