30 Questions To Ask When Buying A House Or Investment Property
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- เผยแพร่เมื่อ 1 มิ.ย. 2024
- There are 30 questions to ask when buying a house or UK investment property... especially when you're trying to buy below market value (BMV)
However... can I suggest you need to ask three DIFFERENT people...
1. The Seller
2. The Next Door Neighbour
3. The Estate Agent
Now I appreciate some of these questions are a bit "out there", but I've used every one of them and if you thread them into the relaxed a friendly conversations you should be having, they can reveal some very interesting facts about the investment property
I really hope you find this property investment video on questions to ask when buying real estate or property investments helpful and if you can add to my list of questions, I'd love to read your comments below :-)
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Spot-on! Building rapport with the seller is crucial, starting with understanding their motivations for selling and their timeline.
Great advice regarding asking the neighbours about disputes. Regrettably, once you move in, some neighbours will "take sides". You may find that you're given the cold shoulder because you chat with the one they don't like! Also, checkout the police crime for that area too.
Very good presentation. It's very very useful for the buyers who are going to buy property. If I had heard your presentation, It wouldn't have problems that I came across. Thanks Tony.
I really like this concept of "X Questions to ask when" I'm building a platform around this concept. It will give everyone the power to ask good questions.
Some amazing free content on this channel!
Once again thank you.
Thanks Joe 😃
Wow, great recommendations.
Thank you!
Thanks Martha 😀
This is such a great video! If everyone followed this, your purchases will be less expensive, easier and relationships will be formed. Huge thanks 👍
Thanks so much Harry 😃
Thank-you!
This video is fantastic! Thank you so much 😊
Thank you so much for watching 😃
Thank you for your advice.
My pleasure 😊
BRAVO! Excellent!
Thank you 😊
Really helpful thank you!
Thank you Rio 😃
Hi Tony great video thank you for all your advice
Regards. C Barker
Thanks Christopher 😃
Awesome questions thank you
My pleasure Shanell, delighted you found them helpful 😃
A good round up of questions there Tony :)
Thank you 😃
Couple of wee nuggets there, thanks.
Thanks so much 😃
Thank you Tony, good advice as always.
Thank you David 😃
I’m on an iPad and can’t see an actual link to the mini course, where is it please?
Www.yourfirstfourhouses.com/mini
Awesome advice :)
Thanks so much 😊
Thank you
I would feel cheeky asking most of those questions
I can understand that… and of course if you don’t want to ask any of those questions then you really shouldn’t.
Excellent content as always balanced and clearly experience based .Many thanks👍🏻🙏🏼🙏🏼
Thank you TD, very much appreciated 😃
Amazing very informative
Thank you 😊
Hi Tony, thanks for the great video as always. Seems we live in a similar area and I wanted to ask about a local property. £170,000 2 bedroom top floor flat in Bourne Avenue, Bournemouth to be exact (still on sale as time of writing). I was very close to purchasing this to then become a residential landlord, living there and renting out the other room. However the maintenance cost was a whopping £5200 a year, excluding council tax, electricity and gas. Running the figures meant my tennant would just cover these bills and over time, the amount I would spend here would be massive. Just wondering if a video on maintenance/service costs on leaseholds would be a good idea? All the best!!
Thank you for the suggestion, very much appreciated 😃
Found an amazing rental, 17 units for 1mil. Gonna try these tips out ;)
I wish you the best of luck with it 😃
Great advice as usual
Thank you 😊
Ur vids can be relaxing dude but please dont change like talking so fast n sounding stressed like many youtubers👍
Hi Tony. I'm looking to buy to live in rather than rent out, and I wanted to thank you for the tips - really useful. Some other questions I ask. Has there been any water ingress? (different from, and in addition to, checking the flood risk website). What is the actual broadband speed? (Never believe rightmove's link - it's total crap :-) ). Would I be able to perform a broadband speed test during the viewing? Are there footpaths, or covenants on the land? Who owns which boundary? Where's the nearest pub?
These are all excellent... Thank you for sharing 😊
Another great video Tony.
What do you think about talking to the neighbour BEFORE speaking with the owner? That way you are armed with knowledge and it may show up where they are trying to pull the wool over your eyes. If that pans out, what else are they not telling you?
Your thoughts? ;)
Interesting..... I guess I'd worry it would get bacon to the owner that you'd spoken to next door first... however I can't imagine it would make a lot of difference 😊
I really enjoy your content. Do you do mentoring for your young investors?
I offer 45min coaching calls, but they are chargeable I'm afraid. Check out my website if this is something you're interested in 😊
Hello Tony, im finding it hard to get my head around interest only repayments. What options does one have at the end of the interest only payment contract? Will your course also provide further information on this? Thank you.
Thank you for your question A (?) I'd be very happy to talk this all through with you, but it might take a bit of time because if you're unclear on this, we'd probably need to start with some basics first. Can I suggest you consider a 45min Coaching Call? You can book these up via my website for a cost of £147.
Do you buy your rental properties inside an LLC?
Hello Tony, first of all thanks for a great video. QQ have you got a video about monetary questions buyer should be asking, let's say I am a bit confused about ground rent, sometimes it's as low as a couple of hundred pounds a year but sometimes thousands. Thank you.
Sorry, I don't.
@@YourFirstFourHouses could be an idea for your next vlog :) thanks!
Maybe 😃
Tony, thanks a lot for a great set of questions to keep in mind. Do you by any chance have these typed up as a list? Otherwise will have to watch the video, stop at each question and write it down..
Thanks Nataliya. I am sorry, I don’t have these written out.
Also what areas do you think are good for HMOs apart from liverpool for around the 200k mark max? I'm London based but more than happy to travel anywhere in the UK if necessary
Happy to talk this through with you in a 45min coaching call.. Just go to my website if you'd like to book one up 😊
Been to see a property this morning ... the estate agents knew nothing 😬 very frustrating.
I’m sorry to hear that… but maybe that’s an opportunity to connect directly with the owner and see if you can nail down a deal?
Hi Tony, thanks for the great content. I just wanted to get an unbiased opinion. I have small rental portfolio but I'm now considering to either buy another property to rent out then rent out a flat to live in or buy a flat and just live in that. What would you personally do?
Happy to talk this through with you if you want to book a 45min call.
@@YourFirstFourHouses Hi, okay how much would that cost?
£147
Wouldn't buy a flat! Not a good investment
What does building rapport mean to you, in this context?
Thanks for the question, but if you’re not sure what I mean by “building rapport” it will be difficult to offer up a helpful response in the few words I could offer here.
Of course if you’d really like help with this feel free to book a coaching call and I’ll do my best to help.
Do you typically meet the sellers themselves in England?
It really depends
Will a council-owned flat have a management company?
It will probably be the council who manage that block.
@@YourFirstFourHouses Thanks. I’ve heard of instances where they delegate out responsibility to management companies but perhaps that’s less of thing these days. Will press the council to see if they have a sinking fund 🤞
Most estate agents are clueless and won't be able to answer those
I advise my sellers not to talk to potential buyers. They might say something that would put the buyer off.The buyer should ask the agent these questions, that’s what the agent is there for.
As an agent - you are of course entirely right to advise the sellers in this way.
I'm an introvert so I can't ask this many nosey cheeky questions :( can't I just buy a house online
Sure
Man, these questions make me feel uncomfortable. I bought my flat 2 years ago and I'm tired of the area. I asked most of these questions but not all. It's only until I moved in that I saw some of the faults. A few were physical but the rest were administrative. On paper, the management company existed (name, address and agent) but when I got in touch with them, they didn't want to speak with me directly. Long story short, it turns out they've gone bust and sold the flats to the leaseholders. It currently has 955 years lease.
It would be a good idea before purchase to have the seller’s tenants sign your own rental lease to months to months lease
Be sure to tell use. We need a degree, because don't want to get you into trouble. By not telling us. We need a degree.
Sorry… that doesn’t make any sense?