Tucson New Investors: Purchase Contract & Due Diligence Period

[Patrick Allen]

Hello again, fellow local investors (& would-be investors!). The arrival of September brings with it the promise of cooler mornings, the start of college football season, and not the least of which: the next meetup of the New Investor Subgroup of AZREIA in Tucson! Here is all of the need-to-knows:

Having spent the last few months discussing how to identify and then analyze potential deals in your investor "buy box", we now come to the next critical step in your journey to your first (or next) investment deal: the process of negotiating the Purchase Contract and conducting due diligence. AZREIA business partner and long-time investor-friendly escrow officer extraordinaire Barbi Stewart with Fidelity Nat'l Title will again join us for our September meetup to discuss the Purchase Contract. Barbi will highlight critical terms and conditions in the standard AAR Purchase Contract, using the 10-page document to discuss & clarify several clauses you should consider adding to your own contract to purchase, or to be aware of in the event you find yourself selling an asset on the open market.

The second portion of the evening will dive deeper into the all too critical due diligence period. Truly where the investor "rubber meets the road", we will overview the process and goals of the typical due diligence period for residential real estate transactions and negotiation towards closing the deal. With some extra time in the final 20-30 minutes we will also discuss a few topics relating to scaling to bigger deals and otherwise continuing to grow your financial fortress in years to come!

As we typically do, we will be meeting up at the Keller Williams Builder (near River/Campbell) from 6-8pm on the Third Monday of the month; we'll be meeting in person, as well as live-streaming it via Zoom. Put any questions down below, and I hope to see you there!