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Updated about 3 years ago on . Most recent reply

User Stats

14
Posts
3
Votes
Victoria Imlach
  • New to Real Estate
  • Colchester, CT
3
Votes |
14
Posts

Questions to ask a multifamily seller?

Victoria Imlach
  • New to Real Estate
  • Colchester, CT
Posted

I will be viewing a duplex soon and I want to make sure I am asking the right questions when I go. 

The obvious ones that jump out at me are:

1. Why are you selling?

2. What are the current tenants paying in rent? And can I see payment history?

3. What do the month to month expenses look like for the property?

4. Are there any unpaid taxes or liens on the property? 

Thanks in advance!

Most Popular Reply

User Stats

927
Posts
950
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Jon Kelly
  • Investor
  • Bethlehem, PA
950
Votes |
927
Posts
Jon Kelly
  • Investor
  • Bethlehem, PA
Replied

What repairs were recently performed? 

What repairs still need to be completed? 

Do you own any other properties? If yes, are you interested in selling other properties? 

I agree with @Justin Hoggatt, I think the question about rent collection is less important. However, I would still ask it because it may highlight a pain point for the seller. If the rent collection is poor it gives you an opportunity to lower your asking price. 

  • Jon Kelly
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