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Buying & Selling Real Estate

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Julius Dixon
  • San Francisco, CA
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How do you verify income on a property (rent rolls, leases?)

Julius Dixon
  • San Francisco, CA
Posted Aug 29 2016, 00:08

Hey guys,

I'm reading a REI book and it is talking about verifying the income on a property before making a purchase. This seems obvious but how this is done more specifically and what prevents a seller from inflating numbers, and how can you independently verify current rent rates and occupancy? Is this a buyer beware type of situation, or are sellers contractually bound not to inflate their numbers?

Thanks,

Julius

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