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What Is THOROUGH Due Diligence?

frank_pat profile photo
  • Saturday, March 05, 2005 @ 09:16 PM EST
  • 4 Comments

and what are the steps?

if you have walked through all of your due diligence and are trying to decide on a property then what is defined as a good deal?

thanks all

Comments(4)

  • ray_higdon
    ray_higdon5th March, 2005

    This is a pretty big question. Are you looking to flip, hold long term and rent, rehab and sell?
    [addsig]

  • no photo
    frank_pat5th March, 2005

    interested in wholesaling a deal for starters

    thanks Ray

  • ray_higdon
    ray_higdon5th March, 2005

    For wholesaling then a good deal would be something that you can sell with some left on the table, example: getting something that has a market value worth 100k for 80k and yuo selling for 82-85k might be a good deal depending on your market
    [addsig]

  • no photo
    frank_pat5th March, 2005

    thanks Ray...

    if after i check on the prop doing my homework on it what kind of background am i specifically looking besides comps, liens, mortgage info and title info?

    anything else?

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