Asking for actual expenses/income on Multi-families

[Nick Mauldin]

Hello,

How do I go about asking for the actual numbers on the property (Expenses and such)?  When it comes to looking at large properties?  I'm currently looking at a 40 unit complex that I believe is a deal but I need to see the actual numbers before I can really tell if it's a good deal.  Obviously I'm a newbie but if I can find a good deal I hope to find a way to fund that deal.  Thanks again for the help and have a great day!!!

[Jason Vandermark]

Nick,

It always good to ask for 2 years tax returns as well as copies of last couple months utility bills. You can look at the county auditors website to find out the amount for property taxes. For income ask to provide a current rent roll. If laundry is on site find out if that is something that is contracted out.