To be a savvy real estate investor really doesn’t take all that much. I can recognize them immediately. It’s just a few simple things, really.
I represent the seller of four fourplexes (4 unit apartments) for sale down in Gardner, Kansas. I got a call/email from his real estate agent yesterday asking for;
- a copy of the Schedule E for the last three years.
- a rent roll with ACTUAL rents, not pro forma.
There you have it. Someone is taking a serious look based on numbers, not speculation. After having those items and weighing any future potential this investor thinks the properties will or will not have he or she will know whether to buy or not.