Residential Property Acquisition Handbook
by John T. Reed
Title has been replaced by
Checklists for Buying Residential Houses and Apartment Buildings
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The pre-purchase checklists everyone needs
This book is designed to help you avoid overlooking anything important when you buy your own home, apartments, single-family rentals, condos. I originally wrote it solely for my own use. I have never bought a property without using it. You shouldn’t either. It is like a pilot’s pre-flight check list and almost as important. When I bought my first property at age 22, the real estate broker was so impressed by my thoroughness—as a result of the checklists in the book—that he offered me a job when I got out of the Army. Residential Property Acquisition Handbook includes:
- Things to take with you when you physically inspect the property
- Items to check in your inspection of the exterior
- Questions to ask the people with the most knowledge about the building—the tenants, previous owners, neighbors, and others
- Income and expense categories to take into account for estimating cash flow
- How to verify or forecast the property's actual income and expense numbers
- Clauses to make sure you have in your purchase agreement
- Clauses to seek in your financing
- How to prepare for closing and what to look for at closing
- Environmental audit information
- How to evaluate the neighborhood
- How to invest absentee acquisitions far from your home
- Residential investment strategy
- How to avoid cities that are likely to get rent control in the future
- What to look for when there is a homeowner’s association
- How to find a good lawyer for the deal
- 13 building-inspection checklists
- 8 interview scripts
Not available in traditional or online book stores