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Updated over 10 years ago, 06/09/2014

User Stats

62
Posts
2
Votes
Andrew L.
  • Real Estate Investor
  • Nashville, TN
2
Votes |
62
Posts

Due Diligence

Andrew L.
  • Real Estate Investor
  • Nashville, TN
Posted

On smaller multi-family properties, how long do you guys take to perform your due diligence? I have a 10-day option period in my contract on this Tri-Plex I offered on. What say ye?

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4,079
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1,596
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George P.
  • Property Manager
  • Livonia, MI
1,596
Votes |
4,079
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George P.
  • Property Manager
  • Livonia, MI
Replied

that's too much time. you can do it in 2-3 days. but sure.. if you can get 10, that's great.

User Stats

62
Posts
2
Votes
Andrew L.
  • Real Estate Investor
  • Nashville, TN
2
Votes |
62
Posts
Andrew L.
  • Real Estate Investor
  • Nashville, TN
Replied

So sellers in your area get back to you with financials and request due diligence items in a day or so?

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7,658
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4,299
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Roy N.
Pro Member
  • Rental Property Investor
  • Fredericton, New Brunswick
4,299
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7,658
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Roy N.
Pro Member
  • Rental Property Investor
  • Fredericton, New Brunswick
ModeratorReplied
Originally posted by @Andrew L.:

So sellers in your area get back to you with financials and request due diligence items in a day or so?

 In our Agreement the clock starts ticking on our due diligence window only when the Vendor has provided the information stipulated.

  • Roy N.