Tucson New Investors: Purchase Contract & Due Diligence Period

[Patrick Allen]

Greetings BP Universe!

It's that time again: time to get you all the need-to-knows about our next upcoming meeting of the New Investor Subgroup of AZREIA in Tucson... but due to the New Year's Day holiday falling on a Monday in 2024 we will actually be meeting the next TUESDAY, January 2nd for our usual educational meetup.

Having spent the last few months discussing how to identify and then analyze potential deals in your investor "buy box", we now come to the next critical step in your journey to your first (or next) investment deal: the process of negotiating the Purchase Contract and conducting due diligence. AZREIA business partner and long-time investor-friendly escrow officer extraordinaire Barbi Stewart with Fidelity Nat'l Title will again join us for our December meetup to discuss the Purchase Contract. Barbi will highlight critical terms and conditions in the standard AAR Purchase Contract, using the 10-page document to discuss & clarify several clauses you should consider adding to your own contract to purchase, or to be aware of in the event you find yourself selling an asset on the open market.

The second portion of the evening will dive deeper into the all too critical due diligence period. Truly where the investor "rubber meets the road", we will overview the process and goals of the typical due diligence period for residential real estate transactions and negotiation towards closing the deal. Our topic will focus on what inspection(s) and research is typically done after opening escrow, ways a standard investor-buyer in Arizona can back out of the contract penalty-free, as well as the key contractor partners you'll need to get it done.

Register Here: Registration Link thru AZREIA

The rest of the details are the same: we're meeting up the first week of the month (usually Monday, but this time it's Tuesday) January 2nd 2024 at the Keller Williams Building in the Cambric Center near River/Campbell in Tucson. The meeting officially runs from 6:00-8:00pm, but folks are encouraged to come earlier or stay later for networking and to share recent success stories.

Hope to see you there!