Questions to Ask Owner with Rural Property

Buying & Selling Real Estate
5yFollow

Questions to Ask Owner with Rural Property

Alex Hymanson
Dallas, TX · Member since 2018 · 64 posts · 10 votes

Hello!  Interested in a 5-plex in a rural town, about 25 miles from nearest "city" (200k people).

Are there specific questions I should ask the owner, considering it's a rural town, which has its own challenges?

Thank you!

Alex

0Reply
13 views

2 Replies

Jump to latestLatest
  • Henry ClarkPro Member
    Developer · Member since 2020 · 4k+ posts · 4k+ votes
    5y

    We do Self Storage, but here are some questions.

    1.  Are they on city or district water and sewer.  Or a drilled well and septic system.

    2.  If City or District water, find out from neighbors how water system has been.  Have run into some areas where the wells didn't supply enough water and you had to add a tank to your house and have it delivered.

    3.  If its a drilled well.  Ask what the gallons per minute is?  If they have a cistern well (good)?  Ask the tenants about water pressure.  Ask for a water test.  If high in Nitrates or others, you have  a problem.  If hard water, what type of softener system or RO system do they use.

    4.  Sewer if a septic system ask about sizing.  How often does it get pumped out.  Is there a sewer trap to clean out.  Ask about leach field.  Ask tenants about flow.

    5.  Ask about rainwater run off.  Ask tenants.

    0Reply
  • Alex Hymanson
    OP
    Dallas, TX · Member since 2018 · 64 posts · 10 votes
    5y

    @Henry Clark Thanks very much, will use these.

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free