Nov 30, 2020
Real estate investing can be daunting for a beginning. Becoming successful in this industry is a step by steps process and is not by any means quick and easy. But, there are tricks to make life easier, sometimes it gets too easy.
WHAT YOU’LL LEARN FROM THIS EPISODE
Always ask these before purchasing
1. Are there any repairs?
If there are repairs, how much does it cost?
Always ask for Address and Zip code (use it to compare its worth on other sites)
Are there any tenants?
If there are any tenants what is their gross income?
Who is responsible for utility expenses, tenants or the owner?
Inquire why are they selling it, make sure there aren’t any legal issues
Divide the questions into series and don’t ask all the questions at once as this may discourage or confuse the seller
Don’t judge the property from the pictures
RESOURCES FROM THIS EPISODE
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