Investment Questions
When looking for a duplex etc.
Is it okay to ask an agent or the seller for a properties finanical reports that way you know how the property has been proforming?
If so, how do I go about it and what do I ask for?
Thanks
Ask for the sellers Schedule E from their tax records.
It may not be the greatest tool to use to be honest on something like a 2-unit duplex. If the landlord is crap the schedule E may not indicate the true cost (either bad or good)
Simply looking at the monthly income, the purchase price, your financing options, vacancy rates in the area, insurance, taxes should be much better guages for a duplex.
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