Questions to Ask Realtor About Specific MF Property

[Katharine Gonzalez]

Hi! I'm a newbie looking at a potential property and the next step I need to take is to contact the realtor. I was wondering what sort of questions I should ask. The property is a 2 family built in 1910 and owned by an absentee landlord a few counties over. It has a notice posted of having been found vacant. It looks to have renovations started a while ago, but never finished and a lot of potential damage to the roof. 

Questions I have:

  How long has the property been vacant?

  When were renovations started/ended?

  What reno work was done? By whom?

  Why is the seller looking to sell? (Not sure how appropriate this question is, but he purchased it in 2002 for $105 and is selling for $35)

  What sort of rent can be expected? ( I have a pretty good idea)

Thanks in advance!

[Robbie Reutzel]

Katherine,

Yes, you should go through the listing agent to set up a showing.  You should also make a list of questions you have.  In my experience most agents will not be able to answer all of your questions so you should try to get everything down in an email.  That way you can make sure you get all the relevant information.  

Good luck!

-Rob