In this conversation, Tanh discusses the due diligence process in real estate investing. They emphasize the importance of starting the due diligence period immediately after signing the purchase and sale agreement (PSA) and acquiring all requested documents. The speaker provides tips on depositing earnest money, using a trusted title company, and reviewing financials, leases, and expenses. They also discuss the importance of conducting site visits, checking the neighborhood, and analyzing competition. The speaker advises conducting a financial audit and being meticulous throughout the due diligence process.
Takeaways
Chapters
00:00 Navigating the Due Diligence Period
02:36 Reviewing Financials and Leases
07:02 Examining Bills and Service Contracts
09:24 Assessing the Physical Aspects of the Property
13:39 Conducting a Site Visit and Analyzing the Neighborhood
16:35 Analyzing Rent Comps and Competition
19:54 Performing a Financial Document Audit
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