Looking for a Due Diligence checklist

3 Replies

I am considering purchasing a 40 unit apartment in Cleveland which would be my first entry into the commercial market. I have purchased multi-family in the past but only up to 3 units. Also, I have 'book knowledge' from various courses but this deal is the real thing!

Does anyone have a checklist they use when evaluating an apartment building for purchase? Any other info of tools to use when analyzing the deal would be appreciated.

Thanks.

@Brian Hosier if you would like a little advice from a real pro, check out Ken McElroy at:

http://www.biggerpockets.com/renewsblog/2014/01/09/bp-podcast-052-raising-millions-ken-mcelroy-rich-dad/

I'll save you a bit of reading and clicking through to get his "example due diligence checklist" and other forms at:

http://www.kenmcelroy.com/resources.html

All for the price of your name and email address at his website.

Hope this helps!

Robert

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