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Updated about 10 years ago,
Realtor wants a P&S before sending financials on a rental
I need a quick answer if anybodys looking. I found a 24 unit property in Waterloo Iowa and sent a message to the realtor requesting financial packet. Just got a reply today and she tells me ;
"Hello Scott,
Seller require a purchase agreement "subject to" buyer approval of rent roll information or letter of pre-qualification be submitted, at a minimum. How would you like to proceed? ?"
I may be new, but I don't recall anyone wanting a P&S just to get some information. What would you do? Walk? run? It just doesn't seem smart to me from a realtor standpoint. Also hard to believe a good realtor would respond this way. Maybe I shouldn't work with this realtor either?