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Updated over 9 years ago on . Most recent reply

User Stats

52
Posts
9
Votes
Scott L.
  • Harmony, PA
9
Votes |
52
Posts

First Deal, what should info/documents should I ask from Seller?

Scott L.
  • Harmony, PA
Posted

Ok. 

I close on my first deal in about 20 days.  It works with the 2% rule, the numbers are decent but not amazing.  A duplex with 2 beds and a loft of each side. North of Pittsburgh.

One tenant is moving out next month maybe before i close, maybe right after I'm not sure.  That is fine because that side needs some windows replaced and a few minor fixes, which i will be able to do immediately after close.

My question is the only thing the seller (a recent divorcee, that doesn't want to be a landlord) has provided me, was a copy of lease of tenant moving out, and a letter to long term (10+yr) tenant informing her of a rent increase.  Now that we have finished all negotiations, and inspections etc, what should I request from her?  I was listening the podcast #61 and they said most of the info is BS anyway, but I'd really like to know as much as I can.  

Any advise is appreciated... I'd like to have my agent request as soon as possible.

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