touring our first four properties... and I have questions
Happy Friday everyone! So tomorrow we are touring our first four potential investment properties. What are some good questions we should be asking the owners? How long units have been vacant, how long other units leases are. i have driven past all four multiple times. We are looking at 2 4-plex, a duplex, and a sfr. Also....one of the 4plex is owned by the agent, and been for sale nearly two years. Inside of it looks great. It is half brick half siding....definitely needs new sighting. I really like this property but the asking price is a bit high for our first purchase. The price is understandable for this property but the 20% down will use up about 75% of our starting capital. How do you recommend I mention the seller carrying the second for the down payment or a portion of it? Being owned by a fairly large group of family realators, what are the chances they would agree to that? Any suggestions are appreciated! !
dj cummins