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Updated 15 days ago, 11/12/2024
What Due Diligence Items Should I Consider?
Hello BP Community,
I just got under contract on a property, and I agreed a 9-day due diligence period under the contract. The property is currently tenanted with the lease expiring in July 2025. Property is also managed by a property management company. Its a 4bed 4bath, and the plan is to do a light rehab after the current lease ends, get new tenants and increase rents a little bit. Strategy is long term hold.
Question - Apart from getting inspections done by a quality inspections company, what other items do I need to verify or consider as part of due diligence, before closing or in order to decide Go-No-Go?