Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 14 years ago on . Most recent reply

User Stats

1,991
Posts
1,136
Votes
Sharad M.
  • Carlsbad, CA
1,136
Votes |
1,991
Posts

Anything else to check before buying?

Sharad M.
  • Carlsbad, CA
Posted

Hello all,

I just wanted to run my checklist by you guys and see if you can please something that I may have missed.

1) If the property is for sale by owner, why is the owner looking to sell the property?
2) How long has the seller owned the property?
3) How long has the property been up for sale?
4) Is the property occupied?
5) If occupied, I ask for copies of lease and support for rent payments.
6) I compare the rent to the market rent.
7) Are the utilities separate for each unit?
8) Any deferred maintenance?
9) Is the owner current with tax or mortgage payments on the house?
10) If behind, how much behind?
11) I drive by the property and I talk to neighbors to find out more about that neighborhood/block.
12) I walk through the property with a contractor to see how much work it needs?
13) I call the city to confirm that the property is coded correctly and none of the units are illegal in the property.
14) I run the numbers and make sure it meets my minimum requirement.

What else besides this do you guys do when you buy a property? Any other analyses? I will really appreciate your feedback.

Loading replies...