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Updated over 5 years ago,
Due diligence on accepted off market Duplex
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