Updated 3 days ago on . Most recent reply
Do certain finances transfer over on purchase?
Extremely new to real estate investing. Currently analyzing a small multifamily (6 units). If my partner and I purchase the complex, do any finances with the complex transfer over to us? For example, if tenant #1 paid their security deposit does that remain so it can be refunded when their lease expires? If the property managers have been properly building a financial reserve for CapEx and Emergencies, do those transfer over?