What questions to ask? Commercial Real Estate

[Anirudh Mohan]

Hi,

I have a property that’s been brought to me. It’s in Columbus, Ohio.

27 units and 4 garages. Built in 2003 and all Two Bedroom Units.

What questions do I need to ask prior to this investment?

Asking Price - $2,575,000

Any help at all is appreciated!

[Greg Dickerson]

Originally posted by @Anirudh Mohan:

Hi,

I have a property that’s been brought to me. It’s in Columbus, Ohio.

27 units and 4 garages. Built in 2003 and all Two Bedroom Units.

What questions do I need to ask prior to this investment?

Asking Price - $2,575,000

Any help at all is appreciated!

You want T-12, T-3 and T-1, leases, any lost of and any records of improvments including warranty information, surveys, environmental reports and any other pertinent information they may have on file. Once you receive this you can determine what you are willing to pay so you can prepare an LOI