!!NEWBIE!! Any help at all will be great

[Justin Taffera]

Just recently came into some cash and I am interested in using that cash to invest in RE I've read a few books from BP. I'm meeting with a realtor this Friday to look at a few 4 and 5 unit property's. Just wondering what I should be asking the realtor to see. Most of the property's are about 75% rented out already. Any advice would be fantastic. Thanks again BP

[Jeremy Pakalka]

@Justin Taffera I would want to see the rent rolls and a history of payments by each tenant. If you can get the background info on each, that would also be helpful.

I do not know much about your area but there are very few multi-family units in the same neighborhoods around Houston. This makes comps very hard to find and this makes it very hard to know what the property will appraise for. This may or may not be an issue with you but all financing is based upon an appraisal of the property.