Rental Properties for sale individally or as a package !
I have an investor who is thinking about selling 4 rental houses. They are all rented at this time. He gave me the numbers for the taxes and insurance on each property and the amounts they are rented for. I drove by the houses today, and photographed them. I have a few questions that I need advice on, so I can make a informed deal. I don't want to buy them for myself, so I want to wholesale them. My questions are:
1) Should I try to do the package deal all 4 houses
2) Should I ask to see the insides of the houses, even though they are rented
3) I have the tax appraised values and he may be willing to sale the package $75,000 below appraised value
4) He's willing to sell all 4 houses as a package in the $150,000 range.
Can you figure out other things I should be looking for and questions I should ask the investor about this deal.
Thanks in advance for your help.