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Updated about 10 years ago on . Most recent reply

User Stats

20
Posts
2
Votes
Kimberly Beckwith
  • Involved In Real Estate
  • Cleveland, OH
2
Votes |
20
Posts

Due Dilligence/Property Analysis

Kimberly Beckwith
  • Involved In Real Estate
  • Cleveland, OH
Posted

Hello BP Members!  I'm currently looking for multi-family bldgs (4-8 units) as I jump back into investing after more than 10 years.  Additionally, I've never dealt with any properties other than duplex homes. My question is what info should I be asking of, in this case, the broker/agent? Will he/she be willing to give me rent rolls, utility bills, etc...before I actually place an offer? Or is that level of detail only provided after an offer is placed (w/contingencies of course)? What info should I expect during this stage of early inquiry?

Thanks so much for any help!

Kim

Most Popular Reply

User Stats

4
Posts
2
Votes
Hugo Salazar
  • Oakland Gardens, NY
2
Votes |
4
Posts
Hugo Salazar
  • Oakland Gardens, NY
Replied

I believe your question requires a common sense right-to-know kind of answer, no matter  what business is taking place between two parties, the free flow of pertinent information should happen before any consideration of any type of offer is expected. In your case, detailed information such as current lese amounts and such terms is pertinent before you can consider to enter into a negotiation of any type. That is just my opinion.

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