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Updated over 5 years ago,

User Stats

26
Posts
8
Votes
Frank Jennings
  • Investor
  • Pittsburgh
8
Votes |
26
Posts

Apartment Building Schedule E Surprise

Frank Jennings
  • Investor
  • Pittsburgh
Posted

I have an apartment building under contract. The owners reported a net operating income of $27,500. This was the NOI listed on the MLS and all the paperwork that they gave me. My lender requested the Schedule E and I just looked at it. For 2018 the net operating income is $21,500. And in 2017 the net operating income is $3500. Can I walk? Should I walk? Should I just base it on the 2018 numbers and find a way to close the gap there?

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