Due Diligence checklist

[Brad Kanouse]

Hi all,

I am new to the investing scene and am making a spreadsheet/checklist of tasks and due diligence that I can refer to when I go thru the process of BRRRRing.  What would you make sure is on that checklist? 

[Brett P Holmes]

Those are all great recommendations -- I would just add that if you're just getting started, don't try to figure out or do everything yourself.  My recommendation would be to interview and incorporate trustworthy experts to help like thorough inspectors and land use/zoning attorneys. Tell them that you're new and your plan and to explain everything to you.  Attorneys will point out risks that you haven't even considered.  You may spend more in the first few investments building a team and hiring away some of the key DD items, but you'll learn a lot and be able to make more cost effective decisions later (like whether to use them in the future and to what extent).  Better to make 10% return on your first deal and learn a lot than 30% return and miss out on things that will cost you later!