Updated over 6 years ago on . Most recent reply
New purchase Rental Income Verification
Hello,
When assessing a potential new purchase, how may one request verification of rental income? There are certain properties where the stated rental income is attractive compared to the sale price. I understand that it may be related to a certain type of neighborhood. However, in some cases, it may be a B- type area, where rent decent and price reasonable. How does one request verification of income over the past 2 years? Bank account statements? If there are other posts on this, I would be happy to be redirected to those, I just did not come across any. Thanks