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.
Real Estate Deal Analysis & Advice
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 8 years ago,

User Stats

8
Posts
2
Votes
Jessica Duckett
  • Property Manager
  • Birmingham, AL
2
Votes |
8
Posts

First Deal Due Diligence - What to do?

Jessica Duckett
  • Property Manager
  • Birmingham, AL
Posted

Hey guys, 

I got an email from a wholesaler about a property I'm interested in in Birmingham, AL and don't know where to start on due diligence. 

It's a duplex, first side rented out and says they always pay on time in cash. Second side not rented, but the tenant on the first side is looking to rent both. It's in a C neighborhood, and says they need a new roof. I'm looking to buy and hold. 

I would be able to buy it outright, so I wouldn't need to worry about a mortgage.. just taxes and insurance. 

How do I verify the rent history with the current tenant? How do I get a copy of the lease they're currently under so I can see the terms? I can call a roofer to give me a quote, but beyond that, do I need to wait until it's under contract to get an inspection? How do I make sure the title is clear? Is there anything else I'm not thinking of?

Right now, the only thing I know to do is drive by it and call a roofer for a quote. Any and all help is appreciated! Thanks!

Loading replies...