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Updated over 6 years ago,
Current owner unwilling to provide P&L or pics of inside/ allow
Hey all,
I'm looking to buy my first multifamily property and I came across a deal that I love the location of, rents are way under market, and I can afford. Here's the question: current owner is unwilling to allow look inside or even pictures until in escrow. This seems fishy, and I am pretty much going to pass on this because it seems like a red flag to me. But, I am new to real estate and have only looked at a handful of deals at this point so I figured I would ask here. Is it normal to avoid giving people info? Doing the math on the rents that I know it seems way overpriced already and with him being unwilling to provide any information I am guessing it is a total wreck inside the homes. Should I just run and not look back?
Thanks all,
Travis