2006-10-10 10:29:41 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Residential or commercial? Will you occupy it or rent/lease it out? Vacant or with structures?
If the property has buildings on it, have it thoroughly inspected by a licensed inspector who will examine plumbing, electrical, roof, structural stability, etc. Have the property appraised by a licensed appraiser, who will have information on comparable properties nearby.
Check for convenants and easements. Check for access rights, if in a rural area. Check utility bill histories. Know exactly where the boundaries are (survey).
If you're planning to rent it out, is the property currently rented? What's the turnover rate and what comments do the renters have? What are the terms of the existing rental/lease agreements? What are the neighbors like?
Why is the seller selling... and is the reason logical to you? How often has the property been bought and sold in the past 10 years?
Well, that ought to get you started!
2006-10-10 14:03:52 · answer #1 · answered by paleblueshoe 4 · 0⤊ 0⤋
Location, Location, Location.
Remember one thing.
Land--god ain't making any more.
"People will always need land and they'll pay through the nose to get it."
from gene hackman as lex luther in Superman
There is a limited amount of land of building,
2006-10-10 17:39:37 · answer #2 · answered by alanpks4 4 · 0⤊ 0⤋
There is quite a bit of information on this site
http://www.free-legal-document.com/become-a-landlord.html
dealing with all aspects of investing in property
Hope it helps
2006-10-10 18:28:50 · answer #3 · answered by finn 3 · 0⤊ 0⤋
A Bubble.
Since this is for an investment would you like an open market??
http://www.breakingbubble.com/index.htm
2006-10-10 23:05:33 · answer #4 · answered by Anonymous · 0⤊ 0⤋