The due diligence period is where most investors make their biggest mistakes because they usually find themselves under stringent deadlines to review all of the books, records, physical inspection, legal issues – the list goes on and on. Ultimately due diligence is the only time you’re going to get to review these items, but because of the time crunch, many buyers are quick to rely on information provided by the seller or the agent without independently verifying the integrity of the data. One of the easiest ways to make money in real estate is to avoid making costly mistakes. In this section, Steve will teach you how to do just that.

What is Due Diligence?

• More Than Just 4 Key Contingencies
• 10 Major Questions Due Diligence Should Answer

Preparation

• How to Prepare for an Effective Due Diligence

Books & Records

• Detailed Information on the Most Important Items You Need
• 6 Helpful Tips to Consider When Completing Due Diligence

Financials

• 9 Critical Documents You Need
• What Affects Financial Due Diligence?
• Some of the Most Important Questions to Ask
• How Can Financial Due Diligence Expose Seller Motivation?
• 4 Tips and Tricks to Maximize Insurance Coverage and Minimize Expense
• What is Personal Property and How do You analyze it Financially?

Physical Inspection

• How the Condition of the Property Affects Value
• Tips for Controlling Costs of the Physical Inspection
• 17 Questions You Need Answers to During a Physical Inspection

Marketing

• The Difference Between Marketing and Sales
• How to Identify Marketing Strategies and Opportunities

Management Team

• 8 Easy Steps to Qualify the Management Company
• How to Determine if the Onsite Team has the Skills They Need

Operations and System Management

• Top 5 Reports You Need to Maximize Profitability

Competition

• Key Questions to Ask to Properly Analyze the Competition
• What You Need to Know About Your Competition

Residents

• 4 Items You’ll Need to Complete a Resident Analysis
• Tips and Tricks to Consider During Due Diligence to Analyze Resident Profile
• How to Use a Resident Analysis in the Negotiation

Legal Issues

• Service Contracts and Warranties
• Understanding the Title Report
• Financing Issues
• Development Considerations