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Updated over 7 years ago on . Most recent reply

825k a year investment- what should I look out for?
Most Popular Reply

Look at the existing leases. It may be leased right now but if lets say 10 leases expire in a month or 2, then you are put into a situation where you will have to re-lease or potentially find new tenants. Additionally I would be careful of the condition of the property. Make sure doing your DD that you get a inspection. Don't want the property to look nice but if some major repairs are just hanging on and the cost will pass along to you. That is a major expense to watch out for. Last I would be check on if there is a lot of delinquent payments. Meaning, is it going to be a pain just to get rent and paid by the tenants.
Just a few tips I really look at. there are a lot more but that is just scratching the surface.