Hello! I'm about to sign a contract for my first multi-family property. I'm in the process of having the contract drafted. Does anyone have a best-in-class list of all the documents one should ask to review during the Due Diligence period? There's a basic list in the contract - but I want to make sure I'm not missing anything. Any help would be much appreciated.
Congrats on the contract! Email me and i'll send you a copy I use.
Best of luck
List your documents and add language that says any other documents required by the lender. The lender will mainly need a current rent roll, a trailing 12 profit and loss statement from the property manager, and possibly the schedule E from the seller's tax records.