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Updated about 4 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
Sean Shoemake
  • New to Real Estate
  • Pascagoula MS
0
Votes |
7
Posts

Before Making An Offer?

Sean Shoemake
  • New to Real Estate
  • Pascagoula MS
Posted

What info do you request from the seller BEFORE making an OFFER on a Multifamily Property? (First time buyers)

He's told us: (by word)

- His Asking

- What current tenants are paying

- What he's paying for Garbage Pickup

I've Researched and found:

- Tax History

- Estimated Insurance

- Estimated Worth

- Our estimated loan amount. %, and payments. Etc.

Should we ask for the financial records, utilities, rents from the seller BEFORE making an offer? Or is the plan to quickly make an offer and then ask for these financial records before solidifying the deal?

What else should we ask for?

We've run what we have through the calculator and like the numbers, if everything is true.

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