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Updated over 9 years ago on . Most recent reply

User Stats

214
Posts
34
Votes
Vincent Chen
  • Real Estate Investor
  • Philadephia, PA
34
Votes |
214
Posts

Long distance (Out of State) Physcially Due Diligence

Vincent Chen
  • Real Estate Investor
  • Philadephia, PA
Posted

I read a lot of books and threads regarding the importance of Due Dilligence for the apartment buildings.

After the proptery is under contact,I will definitely do the detail due dilligence in person and with propterty manager or contractor.

But still I have the concern that before I put the proptery under contract,if I am in long distance or out of state,how could I do the due dilligence to do the pre-acqucition analysis (repostition chance,how much value can de added)?

We can not just make jugement based on the pictures and if the finincial data seems to have chance,right?If that is the case,we may lose our earnest money all the time.

Anyone can suggest good way to do that?

Thank you

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