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Updated over 6 years ago on . Most recent reply

User Stats

46
Posts
26
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Nick Colvill
  • Rental Property Investor
  • San Jose, CA
26
Votes |
46
Posts

Seller doesn't have Schedule E - shady?

Nick Colvill
  • Rental Property Investor
  • San Jose, CA
Posted

I'm new to investing in multi family units and plan to make my first purchase in a few months. I know the Schedule E is what a landlord should be filing come tax season, and I know my lender will want to see the Schedule E for the property for loan purposes. When a seller says they don't have one or can't provide a Schedule E, is that a red flag?

Most Popular Reply

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3,790
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4,454
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Cody L.
  • Rental Property Investor
  • San Diego, Ca
4,454
Votes |
3,790
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Cody L.
  • Rental Property Investor
  • San Diego, Ca
Replied
Originally posted by @Nick Colvill:

I'm new to investing in multi family units and plan to make my first purchase in a few months. I know the Schedule E is what a landlord should be filing come tax season, and I know my lender will want to see the Schedule E for the property for loan purposes. When a seller says they don't have one or can't provide a Schedule E, is that a red flag?

I’ve bought + sold 2000+ units. Never once have I asked for a schedule E. Never once have I been asked for one by a lender. Never once have I given one to a buyer (I’ve been asked a few times though. But rarely) 

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