As a newbie to experienced investor, developer; which are some of the due diligence questions you ask for almost every opportunity which is brought to your attention or you yourself may have found.
Real Estate Agent · Chicagoland · Member since 2018 · 314 posts · 199 votes
5y
If you're visiting a property, ask the neighbors what the deal is with the house. Are the owners getting divorced? They may want a quick close and could be open to a lower offer. Was it a meth house? Stay away.
Check all the facts about the house. Is there an HOA? Do the property taxes have an exemption you won't qualify for? Was there any unpermitted work? Sometimes its worth a call to the city to find out more.
Feel free to reach out if you have more questions!