Multi-Family Deal Process in Chicago

[Calvin Lipscomb]

Newbie here,  I am looking to go into contract on a 6 family.  For a point of procedure, when should I be presented with the actual income and expense information?  Should I have the information prior to an offer or after we are in contract?  Thanks for  the feedback.  

[Ronan M.]

Ditto what @Account Closed said. Most sellers are not going to be handing out their leases and rent rolls and tax returns to every Joe that knocks on their door looking to buy. The basic rent roll information should be provided by the listing agent. But once you are under contract and as part of the attorney review and due diligence you can ask for and demand all of that information. Trailing 12, 2 yrs rent roll. P&L from the property manager...all that good stuff should be provided promptly after the seller has signed the contract.