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Description

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! 🎁

Want to navigate the investment process with confidence? We've got you covered! Drop a comment below, and we'll send you our exclusive Due Diligence Guide—packed with key insights to help you avoid costly mistakes and make smarter investment decisions.

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➡️ BONUS FREEBIE: Download our Pro Forma Template here: https://drive.google.com/file/d/12x1eUtdEUySKsrbQ0ELpCw3X79TPFh3Z/view?usp=sharing