Real Estate Investing Basics

Due Diligence and Real Estate

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18 Articles Written
In my last post I talked about how to prepare psychologically for that first plunge into investment. Okay, so now you’re ready, somewhat calm and almost fearless. In this post I’ll drill down from there to one aspect of investing that touches every other aspect and allows you to sleep better at night – DUE [...] View the full article: Due Diligence and Real Estate on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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    Shawn
    Replied over 11 years ago
    Thanks so much for this very informative post! I especially like how at the beginning, you kept emphasizing due diligence and you smashed the excuses people would have given (or would have been thinking). You certainly covered all the thoughts I’ve had when purchasing things without doing my due diligence.
    Bill
    Replied over 11 years ago
    Very good points. A few to add – whether raw land or a previously developed site, we often compare due diligence with digging to the bottom of the details. Although there is ultimately a point of diminishing return, the benefit of knowledge in a real estate transaction as either buyer or seller is usually money. We use GIS for site selection (screening among several candidate properties for clients). Due diligence usually requires in depth work on the site, in the public records and government offices, on the phone, and in person research. If it was easy to do well anyone could do it.