Alvin,
If the seller refuses to give you the Sch E then that seller has something to hide. I try to go back 5 years on sch E's. If the seller is less than savy then you may need to make them understand you only want the Sch E and not thier entire return.
As a Consultant or as an Investor I also look to the Sch E to determine what maintainence has been done to the property. If you have 5 yrs of Sch E and almost no expenses for maintainence or improvements then your inspector should look deep cause there could be major surprises if you plan to keep the property.
Originally posted by alvin:
I've read that using the sellers tax schedule E is one of the best way to determine an accurate NOI. Also I've gotten recommendations to date back 3 years on the seller's schedule E to see if the owner's been messing with the numbers before selling the property and to make it seem like its a good deal for the next buyer.
how far should i run if the seller declines to give me a copy? lol
thoughts?