First Deal- Tenant Occupied Duplex

[Kristen Buckley]

Hi there, 

I am new to the real estate investment industry- I am looking to purchase our first investment property- it is a tenant occupied duplex and would love some additional guidance from anyone with experience in this situation. 

What questions should be asked to the realtor regarding this property, aside from:

the rent prices

lease terms/month to month

Why are they selling

Any additional questions and/or suggestions would be greatly appreciated! 

Thank you in advance! 

[Ray Harrell]

Ask if there was any remodeling done, and if so, was there a permit pulled and signed off. Ask about utilities and meters...are they separate or all on one. Keep in mind the selling agent is making a sale and will present the property in the best possible light. BUT, they are not permitted to lie once you ask the question. Ask about the ages of the furnaces and water heaters and roof. Are appliances owner or tenant owned.