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Updated over 18 years ago on . Most recent reply

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Due Diligence, Forms and other Legalities

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Hello all

I just registered and this is my very first post on this forum. I've read a few books and been through various forums on real estate investing to get educated.

Now I'm just as excited as the next guy/gal, but what gives me a moment of pause is not having to talk to a seller or looking like an idiot while putting a "creative deal" together. It's the things you CANNOT be creative about. Namely due diligence, using the right forms and other legalities. Additionally, the order in which they are presented and completed.

Is there a thread somewhere that gives a comprehensive list of all the due diligence items that must be completed before taking the plunge? Also, is there another comprehensive list of forms that we should have to complete a deal with the seller? What order should they completed in? I've looked but have been unsuccessful.

If it's of any help, I'm in Sacramento, CA looking to buy my first investment property. I'm looking for FSBO houses to flip or rent out. Eventually I'd like to have enough rental properties (an apartment complex would be nice!) to produce enough passive income so that I can invest full time.

Thanks!

Looking to start off the new year right,
John

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