Curious to hear from seasoned investors who buy rentals, other than market research data points -- what are you top things you look for right off the bat (things that don't require your contractor to walk through with you)? Missing shingles on the roof, age of major HVAC, and appliances, etc? Personally, I wish I knew to look out for the AC unit age so I could have planned better. Is there a checklist out there?
Rental Property Investor · Racine WI · Member since 2024 · 10 posts · 17 votes
1y
Personally when I am looking for investments for myself or others, I am looking for value add opportunities. This could be anything from major repairs needing to be made, or just cosmetic work. With my first property, I was specifically looking for a duplex with good "Bones" that needed cosmetic upgrades and I was able to find that property. I was able to add equity and raise rents by quite a bit to turn it into a great investment.