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 over 5 years ago,

User Stats

19
Posts
17
Votes
Russ Marlborough
  • Investor
  • Jensen Beach, FL
17
Votes |
19
Posts

Due diligence on accepted off market Duplex

Russ Marlborough
  • Investor
  • Jensen Beach, FL
Posted

BP World!

I just got my first off-market real estate deal accepted today on a duplex! Im stoked and am now in the due diligence phase. I am scheduling inspections and asking for verification of financials. I’d like to know if anyone has recently purchased an investment property where the existing tenets leases have expired. How can I confidently verify rental income? Can I legally request bank statements?

The current owner pays utilities and I have requested all utilities bills for the last three months. Is this sufficient enough?

I have the tax records and have a quote for insurance. There is no HOA, no lawn maintenance or other miscellaneous expenses.

Have I missed anything in my financial due diligence?

Thank you for the help

Russ

Loading replies...