10 of the FIRST questions to ask when looking to purchase a multi-family property
The ten FIRST questions to ask when looking to purchase a multi-family property!
1) How much are you collecting in rents every day?
2) What is the unit mix?
3) Are your tenants on month to month leases, or longer term leases?
4) Do the tenants pay there own utilities?
5) Have you made any upgrades to the building?
6) Are the rents at full market rents?
7) What is the parking situation?
8) Would you consider seller financing?
9A) What the laundry situation?
10) When do you want to sell? Any type of exchange??
There you go! Write these down and use them!
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