How To Acquire a Multi-Family Property List And What To Ask For
OK, so you’ve nailed down your market and property criteria, now you’re going to want to get a list of all of the properties in your market that match your criteria. Having a readily available and accessible property list can come in handy often. For example, let’s say you just happen to drive by a property in your market that fits your criteria perfectly. Wouldn’t it be nice to be able to pull up that property and see who owns it, when it was last sold and for how much (quickly)? The answer is an emphatic YES. Having a property list you can refer to is paramount to your investing success.
There are lots of ways to get property lists. You can get them through brokers or even look up individual properties on assessing websites. But the most efficient and cheapest way to get your property list is to call/email the local assessing board and ask for a property report. In my experience the assessing boards can typically have a full property report back to you within 48 hours and it’s usually FREE (and if it’s not free it’s usually only $10-$25 per report). Here is what you want to ask for.
Here is what you’ll want to ask for:
- Address
- Property owner info/address and contact
- Assessed value
- Last sale date
- Last sale price
- Number of units
- Year built
- If it’s owned free and clear (not always available)
Now you have a full property list that you can refer to at any time to compare properties and retrieve information quickly.
BONUS TIP
While you’re on the phone with the local assessor ask them if they know of any off market properties that may be available. Assessor’s are always a great source for potential deals.
Contact us today for more information on how you can invest in Multi-Family Properties with SNA Capital.
