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Updated about 9 years ago,

User Stats

15
Posts
1
Votes
Jonathan Schell
  • Norristown, PA
1
Votes |
15
Posts

Buying an active rental property

Jonathan Schell
  • Norristown, PA
Posted

I requested two years of financials for an active rental property and the response from the other side was:

"The agents just got back to me and they simply responded with the financials are the real deal. (The owner of the property might not want to release the financials for confidentiality reasons)."

Correct me if I'm wrong, but isn't it common practice to share the financials of your business when someone else is taking attempting to buy it? To me, this is the equivalent of "Trust me. My company is profitable. You should buy it.", which is a huge red flag.

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