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Updated almost 9 years ago,

User Stats

26
Posts
5
Votes
Christopher Munn
  • Atlanta, GA
5
Votes |
26
Posts

Do I Get Info Before I Sign Purchase Agreement?

Christopher Munn
  • Atlanta, GA
Posted

I think I know the answer to this question but I would like to verify it with the BP community. A partner and I are very close to closing our first multifamily and first REI. It's a small 6 unit that we see value in based on the economics we have run. We got the purchase agreement this morning from the agent which has some contingencies around due diligence and financing etc. We have gotten spreadsheets with 'rent rolls' and 'expenses' in the past but haven't seen any legit documents (bills, bank statements, etc) to confirm all this. Is all this usually provided in the due diligence period by the seller? Or have you all experienced situations where you received all this info before signing a PA?

Thanks

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