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Updated over 4 years ago,

User Stats

19
Posts
11
Votes
Krystal Maldonado
  • Investor
  • Indianapolis, IN
11
Votes |
19
Posts

Seller unwilling to share leases on fourplex

Krystal Maldonado
  • Investor
  • Indianapolis, IN
Posted

My partner and I are looking at investing in a fourplex that is more apartment style. When doing the due diligence (there is an awesome checklist on the files page) I asked for information about the current tenants and their leasing agreements. The seller said "Leases and information would only be provided with an accepted offer". This threw up a major red flag for me. Has anyone else had experience with this? If you were in my shoes, would you be worried? How would you handle it? I am a new investor and from the research I have done I don't see this as normal but would love to hear the thoughts and experiences of someone more seasoned than myself. Thanks for your wisdom!

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