I am trying to come up with cash flow of a potential multi unit proeprty purchase. I am trying to gather information of income and expense for last years for this property. How do I get this information
I asked for schedule E from owner and they through their realtor told me that they do not file schedule E. Is there anything else one can file income and expense statment. Thanks.
Be careful regarding pushing sellers for income tax statements…could be a deal killer :banghead. Talk with the sellers/managers. Looking at bank statements for cash flow could be most revealing. Do your own homework and find the area rental amounts…do your own calculations based upon your ability to manage.
Hope this helps.
Rob in Atlanta
Real Estate Investment Coach
you could also ask the realtor to see if the tenants have receipts of any kind for making payments