So I wanted to gauge everyone’s to-do list as to what you guys do right after finding out that you might have a potential property as an investment.
I believe I have one and here are are what I think I need to verify before putting an offer in.
1. Rehab costs
2. Property taxes
4. How much the units are currently renting for
5. Who pays for utilities (Tenant or I)
Is there anything else that I should verify before submitting an offer and making sure my numbers do add up?
I ask for lease status/expiration dates and have my realtor run comps so I know what the market looks like. I also write offers subject to personal inspection, so I have a chance to walk before I've even had to pay for a home inspection.