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Today we're talking about Due Diligence. This is a checklist we have when we're buying a property and we've actually submitted the LOI and it's under contract. This is when we break open the Due Diligence checklist and we start going through every single step, either to say, it's not applicable for this property or we make sure that we get it done.

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One thing this Due Diligence Report will reveal is who are the real people in the scene. Because if you ask these questions and they say, "I don't know." Well, then we probably don't want to work with you, experience matters.

When buying a multi-family property you want to cover your bases and go through a list of financial, physical and operational due diligence items. We listed off a bunch of items we asked for and hopefully it gives you an idea of how thorough we are when vetting a deal. It's a very thorough detail of all the things that you want to be double checking to make sure that you know the information that you received when you underwrote the deal and decided it was a good deal is actually accurate going in before you close. 

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