Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago,

User Stats

86
Posts
7
Votes
Mason V.
  • Investor
7
Votes |
86
Posts

What info do I need from the seller of a 1-4 unit rental property?

Mason V.
  • Investor
Posted

So far this is the list I have come up with. Is there anything else I need from them?

Tenet history/rental agreements for all units going back preferably 5 years.

Rent rates for all units going back preferably 5 years.

List of repairs and updates, with costs if available, going back preferably 10 years.

Property operating costs preferably going back 10 years.

Reason as to why seller is selling.

Known construction issues that need to be addressed regardless if minor or major.

If property is paid off and, if not, how much is still owed as well as if there are any liens against it.

If seller is on a time table for when they would like to be rid of the property.

I would like to see the sellers schedule E tax form prior to closing.

Loading replies...