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Updated about 4 years ago on . Most recent reply

Adam Bielous's profile image
Adam Bielous's profile image
Adam Bielous
  • from Wayne, NJ
  • Member since Jul 30, 2019
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Adam Bielous's profile image
Adam Bielous's profile image
Adam Bielous
  • from Wayne, NJ
  • Member since Jul 30, 2019
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Adam Bielous
  • Wayne, NJ
11
Votes |
31
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Multi-Family and Apartment Investing

Asking For Financials

Adam Bielous
  • Wayne, NJ
Posted

Hello all!

I am looking to purchase a 2 unit investment property. I wanted to know what is the best time to ask for the financials of the house such as the operating expense that the landlord pays and rent receipts? Do you do this before you make an offer, during attorney review, or after attorney review while under contract?

Looking forward to learning more as I am brand new to this process!

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Sean T.'s profile image
Sean T.'s profile image
Sean T.
  • Rental Property Investor
  • from MA
  • Member since Nov 2, 2014
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Sean T.'s profile image
Sean T.'s profile image
Sean T.
  • Rental Property Investor
  • from MA
  • Member since Nov 2, 2014
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Sean T.
  • Rental Property Investor
  • MA
213
Votes |
420
Posts
Sean T.
  • Rental Property Investor
  • MA
Replied

Hey @Adam Bielous, I expect verifiable financials immediately. I would never do anything without them. Often times there will be some loose numbers in MLS or with the realtor.

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