Dear BP family, Often times there's a discrepancy between a recorded sales price on a county's website and zillow.

Why the huge discrepancy?

Could be a good chance to find opportunities that could apply to your real estate investment business in relation to see what the City is demanding and zoning discrepancies that could play to your advantage?

If there is a discrepancy, such as with fixed operating expenses being much higher in the market than the owner depicts, then the benefit of the doubt is usually given to the market's typical expenses.

If you pick the right market, a manager just has to be trustworthy and good enough to fill units, repair things in a timely manner, and charge fair prices.In the wrong market any little discrepancy will kill your investment.

Some TK providers do tack on a pretty big premium, and while a slightly higher price may sometimes be justifiable, a huge discrepancy is rarely a good sign.

The PSA gets signed, You are given any documentation that is needed (seller's disclosures, rent rolls, t-12, bank records, sched C's etc, inspection is done, any re-trading due to BIG discrepancies in what your D&D found and what the seller declared to you, wait for title to be done and the financing to be complete sign the closing paperwork and get the keys. 

You will get decisions to them immediately, pay for rightful change orders without delay, that you have secured financing and have the required amount of cash on hand to cover any discrepancies in the draw schedule, and will provide X number of units a year.

I would ask the seller to explain any discrepancies.

The inspection has another discrepancy as it says baseboard heating in the house but it's actually a warm air system, so I'm starting to think he didn't look at the HVAC at all.