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Updated about 9 years ago on . Most recent reply

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224
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Ryan Moore
  • Rental Property Investor
  • Phoenix, AZ
50
Votes |
224
Posts

Lame financial statement?

Ryan Moore
  • Rental Property Investor
  • Phoenix, AZ
Posted
I am under contract to purchase my first multi family rental property here in Phoenix. I asked for the financials and was given a statement for the 2015 year. Problem is that it only has July through October. And just for those months that shows the net operating income of -11,000. The owner has had the property for almost 3 years. I would assume I can expect more than just three months of income/ expense statement correct? Is this pretty lousy for the seller to give me just this much info?

Most Popular Reply

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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

1) You'll likely get whatever they're going to give.

2) Make inspection time Start after delivery of financials

3) No.

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