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Updated about 11 years ago on . Most recent reply

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205
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Abou C.
  • Wholesaler
  • Central Falls, Philadelphia
32
Votes |
205
Posts

How to tour an investment property?

Abou C.
  • Wholesaler
  • Central Falls, Philadelphia
Posted

My business partner and I would like to visit and tour investment properties in our current location to see whats on the market as know as (window shopping). Is there a way if we found a property on how to contact the owner and request a tour of it?.

Most Popular Reply

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397
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Nathan Brooks
  • Real Estate Investor
  • Kansas City, MO
187
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397
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Nathan Brooks
  • Real Estate Investor
  • Kansas City, MO
Replied

@Abou C. 

I would call a few local well known property management companies, invite the owner for coffee/lunch and ask about seeing a few vacant properties that fit within your price/model.  If they are hesitate, suggest you can even show up during a time they are already showing a property or two. You will get several things:

- time to ask them questions (have a list, 4-5 questions ... save as a note in your phone)

- build relationship with someone who might help buy or sell a house, who knows, might even be your property manager down the road ... make sure to mention this as you recognize their time is valuable 

- see overall condition/finish on properties so you have a sense of what you need to do in your rehabs/ make ready before tenants are placed 

- someone who deals with the properties you want on all the time, and can give advice and insight on where to buy, what they rent for, and any other idiosyncrasies of the area/block/town/city .. etc 

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