Current owner unwilling to provide P&L or pics of inside/ allow

[Travis Kemper]

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

[Michaela G.]

Just make the offer contingent on you approving P&L or whatever paperwork you want to see. Show him that you're serious and then he'll have to provide the documents. But if you' think that it's overpriced, think about what you want to offer.