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Updated about 2 years ago on . Most recent reply

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39
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Jack Saunders
  • Rental Property Investor
  • Greensboro NC
21
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39
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Due Diligence is a scam

Jack Saunders
  • Rental Property Investor
  • Greensboro NC
Posted

I am not sure if all stayed require due diligence money but I think it's just a scam.   I have waisted money just to do inspections on as is properties.  Yes it's better than buying a money pit but it's adding up.  Is it possible to do inspections without DD if I am okay with taking the risk of the home selling??

  • Jack Saunders
  • Most Popular Reply

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    Nathan Gesner
    • Real Estate Broker
    • Cody, WY
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    Nathan Gesner
    • Real Estate Broker
    • Cody, WY
    ModeratorReplied
    Quote from @Jack Saunders:

    I am not sure if all stayed require due diligence money but I think it's just a scam.   I have waisted money just to do inspections on as is properties.  Yes it's better than buying a money pit but it's adding up.  Is it possible to do inspections without DD if I am okay with taking the risk of the home selling??


    I'm not aware of any law that requires you to hire a professional inspector. I've purchased several properties that I inspected by myself. 

    Caveat emptor = buyer beware

    • Nathan Gesner
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    The DIY Landlord Book
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