Multi Family Questions Checklist

Anyone have a check list of questions to ask the Realtor/owner? I’m going to look at a 6 family this week and I want to be prepared.

This property has been gutted and fully renovated.

I asked for 2004 Financial statement
and I also asked if the utilities are seperate and on their own meter, which they aren’t. There is only 1 meter for water and oil. I would eventually seperate these depending on the cost.

Any other question post here.

Thanks!!!

If there is a single meter for water and for oil, then the property was not “fully renovated” – only partially!

Just my opinion…

As for your question, I would get AT LEAST two years of financials.

Keith

ask for list of foundation repairs?
dry wall rapairs if their was foundation repair .
check the info on the land and if the area has alot or alittle of movment check with you local new home builder they usally have a list of all that their is to new on the land in the front of their office it is required by the law to have this list present at all times and you can take one.

if all was done correctly on remodel you should have also the electricions check list also.
also check with the city to find out the local code and if this buiold is up to code.

GOD BLESS
KDG AUSTIN,TX.