Multifamily Inspection - Due Diligence

[Mendy Blasberg]

Hello BP,

I am currently looking into my first deal, a duplex in Cincinnati that is being rented out. If the numbers make sense and I make an offer and it goes into contract, at what stage do title, document and physical inspection take place?

If the title and document inspection end up revealing certain things about the property that the seller failed to disclose or that I was provided the wrong info, am I able to back out of the deal?

Thank you in advance

[Ronan Donnelly]

Hi @Mendy Blasberg, I would also recommend verifying any income assumptions made by the seller against bank statements and also ensure that you get an inspector that can cover all of the high ticket capex items e.g. boiler, roof, foundation etc. Good luck!