Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago on . Most recent reply

Seller doesn't have Schedule E - shady?
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

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)