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Updated almost 9 years ago, 01/27/2016

User Stats

31
Posts
8
Votes
Brian Zitzow
  • Roseville, CA
8
Votes |
31
Posts

So I'm looking at another duplex and wondering ...

Brian Zitzow
  • Roseville, CA
Posted

Now that I am ready to talk to sellers about specific properties, I'm looking for some feedback on the due diligence process.

At what stages do you do which due diligence?

I did a search on the bigger pockets site for "Due diligence" and "buy and hold due diligence" and there is so much information I couldn't find sift through it all. Here's what I came up with. 

Is there anything I am missing?

Paper Due Diligence

  • deed to the property
  • a copy of their insurance policy
  • copies of all tenants’ leases
  • current title report
  • a recent real estate tax bill
  • bank statements (really? Is this to prove the income?)

Property Improvements

The last time any of the following was repaired or replaced:

  • Roof
  • Water Heater
  • All Appliances
  • Driveway/Parking Lot
  • HVAC
  • Flooring
  • Plumbing
  • Windows
  • Paint
  • Cabinets/Counters
  • Structure (foundation, framing)
  • Components (garage door, etc.)

Also, should I ask for this stuff before I even see the property so I can evaluate it with real numbers? At what point do you request these items?