In this episode of Commercial Connections: Investing with Confidence, host René Nelson, an award winning CCIM, Commercial Real Estate Broker in Eugene, Oregon, sits down with podcast producer Brittny to explore the essentials of due diligence in commercial real estate transactions. They break down key aspects such as financial document reviews, lease examinations, and crucial property inspections—including building, roof, sewer scope, and environmental assessments. The conversation also emphasizes the importance of legal and expert guidance from real estate attorneys and CPAs to navigate potential challenges and ensure a seamless transaction. Listeners will gain valuable insights into the due diligence process, critical timelines, and effective negotiation strategies with sellers.
EPISODE THEMES 📝
00:00 Introduction to Commercial Investing
01:11 Understanding Due Diligence
02:29 Reviewing Financial Documents
03:15 Inspecting Leases and Properties
04:05 Importance of Thorough Inspections
05:23 Roof and Sewer Inspections
15:01 Negotiating Repairs and Concessions
18:58 ADA Compliance and Accessibility
22:54 Hot Water Heater Safety Measures
23:45 Understanding Phase 1 Environmental Inspections
25:57 The Importance of Environmental Questionnaires
30:02 Costs of Various Inspections
30:44 Due Diligence Process and Timelines
32:53 Preliminary Title Reports and Easements
37:20 The Role of Real Estate Attorneys
39:33 Benefits of Using LLCs for Property Ownership
42:42 Final Thoughts on Due Diligence
CONNECT WITH RENÉ NELSON 🎙️
Website: https://www.eugene-commercial.com/
Youtube: https://www.youtube.com/@renenelsonccim1031/videos
LinkedIn: https://www.linkedin.com/in/renenelsonpacwestcommercialrealestate/
Facebook: https://www.facebook.com/profile.php?id=61574316732608
Book a 15 min Complimentary Discovery Call with René: https://callwithrene.as.me/InitialCall
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GIVEAWAYS 💰
🎁 FREE Due Diligence Guide! 🎁
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➡️ BONUS FREEBIE: Download our Pro Forma Template here: https://drive.google.com/file/d/12x1eUtdEUySKsrbQ0ELpCw3X79TPFh3Z/view?usp=sharing