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Updated almost 4 years ago,
Deal Analyses - What am I missing?
Context: I am looking to buy a duplex built in 1900's for 630K. I'd like to tear it down and build new SFH.
I have done the due diligence with the below set of questions. What am I missing from this list that would complete my due diligence?
Is the location hot, upcoming, transforming?
Is the price of house align w/ comps or slightly more?
Can I sub divide the lot and get permits for 2 SFH
Do I have a reliable lender to support me in this and a builder that I trust will deliver?
Do I know my total costs: Construction costs, lending costs, miscellaneous holding costs, site approvals, permits and design/architectural costs?
Can I sell the new construction house at the price I have modeled at? Again comps here
Can I refinance this property after I buy it with hard money?
Anything else that I am missing?