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Updated almost 4 years ago on . Most recent reply

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33
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4
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Klaycon Santos
  • Rental Property Investor
  • Taunton, MA
4
Votes |
33
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Should i trust sellers rent roll and financial documents?

Klaycon Santos
  • Rental Property Investor
  • Taunton, MA
Posted

Sellers agent is pricing the rental property as potential market value rents. The actual Rent currently at the property is below market value. Should that be a ground for me to offer below asking price? Thank you

Most Popular Reply

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1,221
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689
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Jeffrey Donis
  • Investor
  • Durham, NC
689
Votes |
1,221
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Jeffrey Donis
  • Investor
  • Durham, NC
Replied

I agree with @Sam Yin. Never trust their documents. Instead, do your own due diligence and check the property. Also, ask the broker/seller for a Cash-Basis T12, and during due diligence, we always ask for bank statements to verify that everything is hitting the bank.

Hope that helps!

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