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Updated almost 16 years ago on . Most recent reply

User Stats

131
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8
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Jack Srimani
  • Real Estate Investor
  • roscoe, IL
8
Votes |
131
Posts

What documents to ask for analysis

Jack Srimani
  • Real Estate Investor
  • roscoe, IL
Posted

Hi,
I am in the process of analyzing a potentail investment of 4 unit rental. The place seems to be decent. The rental income and expense seems to be favorable. Howevever I am not sure whether the figures are correct. To ensure that what the seller is saying is real can I ask for last two years Schedule E that the owner is supposed to file to IRS
Also should I ask for other documents to get more information like vacancy etc. for my analysis to see if the investment will result in positive cash flow. I appreciate any advise on this matter.
Regards
J

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