As long as the seller allows the Agent to disclose those items it is fine. However, beware. Seller's tend to underestimate the expenses to make the income flow look better. Rarely will a seller give you an accurate vacancy factor. In some states a sale will trigger a tax increase (Calif) which will affect your bottom line. If the building is old and the seller is showing very low maitenance expenses, figure out what you think is a likely expense. Bottom line is question what is provided to you in your own mind and experience to come up with a reasonable figure. The agent is probably only going to pass on to you what is given to him/her. If you buy it you are the one that will have to live with the actual expenses.
Oct 16, 2009