Investor · Champaign, IL · Member since 2011 · 94 posts · 27 votes
When buying a multifamily with a du diligence period, what is your list of things you are looking for, verifying, double checking and other?
Getting close to making an offer, the selling agent said owner wants to know what I will be looking at during the du diligence period. That got me thinking about a check of list that I should have, so please help me develop one.
Merrillville, IN · Member since 2015 · 15 posts · 0 votes
10y
Inspections (termite, structure)
Current tenants-current lease terms
Costs (utilities you will pay-past 12 months, insurance)
CapEx-check how long the roof has been in place, any appliances that need to be replaced
Someone else can probably add to this. It's just what I can think of right now.