Are owners willing to show their T12?

[Justin Young]

Aloha BP!

I've been trying to ask owners of multi-family if they'd be willing to send me their trailing 12 to help educate myself but I haven't found any takers? Is this taboo to do or should I continue asking? To start off, I don't tell them that I plan to purchase the property because I don't have the courage to do so but in the mean time, I'd like the build that courage by being able to make sense of the T12 so when I feel the time is right, I can make a quicker decision based on what I've learned and the information being shown to me. Any advice from the BP community?

[Michael Le]

You're not going to find any business owners willing to give you important financial information just so you can practice underwriting. There are plenty of other ways for you to make sense of a T12. Look through this link for some learning. Understand this well before worrying about underwriting a real T12.

http://abimultifamily.com/abinsight-the-art-of-multifamily-underwriting-part-1-definitions/