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Updated about 9 years ago on . Most recent reply

Lame financial statement?
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

Wayne Brooks
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
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1) You'll likely get whatever they're going to give.
2) Make inspection time Start after delivery of financials
3) No.