Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago, 03/14/2019

User Stats

109
Posts
12
Votes
Hen Ley
12
Votes |
109
Posts

How do you perform due diligence economically?

Hen Ley
Posted

I'm interested in bidding on a property scheduled to be auctioned.  Currently the private party still owns the property, so if there isn't a successful bidder it will revert to the bank.

What's the most economical way to do due diligence?  I got a complimentary property profile from the title company, however, a full report will cost $200.  The property is also tenant occupied with a seemingly nice person whom I think would be amenable to showing me the inside of the property, but I would feel obligated to offer a cash incentive for the inconvenience.  These figures aren't abysmal, but if you do this with every auction property it starts to add up, particularly if you're not leaving with the property.  Any suggestions as to how to be thorough in your due diligence while still giving consideration to expenses?

Loading replies...