Updated over 4 years ago on . Most recent reply
Red Flags on a Deal?
In option with a multi-family property. On each of the leases, there are several different LLC's listed on the leases. Sometimes two different LLC names on the same lease....one LLC as a property manager, the other as owner, or the other to send rental pay. Yet, all LLC's are from the owner. Furthermore, the address to send rental pay is the address to the realtor, that never disclosed she has an interest in property. Furthermore, they have said they did not keep books (income/loss statements).
Is this normal? Red flags?