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Updated about 10 years ago on . Most recent reply
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What questions to ask agent on multi-units (5)?
HI,
I am new and want to analyze some multi-units properties.
i noticed all the agent list is the following:
Sale Price: $1,100,000
3,931 SF | $280/SF
number of units and bed rooms and bath rooms.
Do I have to call them up to ask for all rental incomes and expenses?
If so, what kinds of questions should I ask to ensure I would not miss all the items?
Any advice will be appreciated.
Randy
Most Popular Reply
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Welcome to BP!!
Check out the 1% rule. The first question I'd ask on a $1.1M property is:
Does the place make $11,000+ per month in rent? If it doesn't, and you are looking to make an investment out of it, move on.