When to request Financial Docs for a multifamily deal

[Sara Reeder]

Good evening,

I am analyzing a potential first deal. It's 6plex and seems to have great potential but the listing is missing a lot of key information that I need to run accurate numbers so I'd like to request the T12 and other important information from the agent so I can complete my due diligence. Is it fairly common to request that information without an offer or contract on the table? When do you request financials, leases and other key data?

I'm hoping to take this down before the end of the year, but am a bit gun-shy so any guidance would be greatly appreciated. 

Thanks in advance for your help!
Sara

[Adam Lacey]

I ask for the financials immediately. The broker may not have them available, but don't be afraid to ask. You're buying a business. You deserve to know how it's operating.