Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago,

User Stats

4
Posts
0
Votes
Valerie S.
  • West Islip, NY
0
Votes |
4
Posts

Obtaining information on a multifamily home

Valerie S.
  • West Islip, NY
Posted

Hi All,

My first post here after reading countless posts over the years that have provided invaluable insight and information - it feels like an occasion! 

I have spent the last few years educating myself and saving money and I am now considering making an offer on a four-plex.  The property is fully rented currently and I have been inside - everything is pretty recently renovated.  The property disclosure says some roof repairs have been made and that there has been water in the basement. I also have a pro forma, but before making an offer and potentially sinking money into an inspection, I want to confirm that the tenants aren't currently delinquent on rent and would like further information about the age of the roof and the prior water issues in the basement.  My agent has asked the seller's agent, and he said he would get back to her but he hasn't and it has been several days. I know the property is owned by a big investor and that the property is managed by a PM.  Any tips for getting this information if the agent doesn't get back to us shortly?  Is it standard to request this basic info before having an accepted contract? Of course I want tax returns etc. but I'm willing to wait until we have a contract for that info. 

Also, the property, which is in Pennsylvania, was renovated over the last two years and taxes haven't been reassessed in about 10 years.  Anyone have any insight into whether the city is likely to reassess taxes when the property is sold and what a typical increase may look like if the property doubled in value? 

Thanks,

Valerie

Loading replies...