Caveat emptor: You might just get what you pay for

Description

Abstract: In today’s real estate market, it’s possible to still pick up investment properties at bargain basement prices. But what may seem like a good deal could cost much more than meets the eye. This article looks at a number of factors that should be considered besides the purchase price. These include tenant lease terms; zoning and code compliance; maintenance and carrying costs; judgments, claims and liens; environmental concerns; and platting issues. A sidebar discusses the downside of reduced or free rental arrangements.