Buying a Multi-Family Property
I am meeting with a seller this weekend to discuss the purchase of a triplex. Since this is my first multi-family property, I really don't know what questions I should be asking or what information to look for aside from the basics (construction issues, vacancy, etc). I'm hoping to get some insight from the BP experts. Thanks in advance!
Most Popular Reply
Here are a few things I would do.
Find out who is paying the utilities; gas, water, electric, etc. If the landlord is paying some of the utilities check into the possibility of passing that cost on to the tenant.
Find out who is maintaining the yards.
Walk through every unit, not just one.
Good luck!