Posted by David Krulac on February 28, 2002 at 07:19:00:
from the last 3 years Federal income tax return.
David Krulac
Central Pennsylvania
How do I verify expenses? - Posted by Don
Posted by Don on February 27, 2002 at 18:20:31:
I’m a new investor and I have the opportunity to buy a 4 family that the owner “says” will throw off about 1000.00 a month after expenses. He’s verbally quoted the expenses and they seem to be average for the area, but I still want to be sure of them since this is my first deal. How do I go about verifying the mortgage payments, property taxes, water/sewer and insurance costs? Also should I L/O the property for a year just to “get my feet wet”, or just dive right in? Any comments would be greatly appreciated.