Buy and Hold Checklist

[Martin Sterling]

Can I get an example of some of the Buy and Hold investors strategies here, a bullet point checklist of your process you go through before deciding to close on a property?

For example, off the top of my head this is what I'm thinking. Also, if you have any recommendations for the way I'm thinking about going after the information, please let me know:

- get comps from an investor friendly agent

- Research if it's a renter or owner neighborhood (neighborhoodscout.com)

- find out rents for area. (call local property management companies)

- figure out financing options

- go into contract with contingencies based on inspection. (offer based on you eyeballing and asking questions.) (offer 70% of FMV minus repair costs. Is that a recommended offer strategy? Should or can you offer more?)

- get an estimate for repairs.

- do an oil tank search and title report.

- get a 6 month history on water, heat, gas, electricity from owner (preferably from providers).

- find out property tax (propertyshark.com)

What else do you suggest?

Thanks in advance