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Russ Marlborough
  • Investor
  • Jensen Beach, FL
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Due diligence on accepted off market Duplex

Russ Marlborough
  • Investor
  • Jensen Beach, FL
Posted Jun 17 2019, 19:02

BP World!

I just got my first off-market real estate deal accepted today on a duplex! Im stoked and am now in the due diligence phase. I am scheduling inspections and asking for verification of financials. I’d like to know if anyone has recently purchased an investment property where the existing tenets leases have expired. How can I confidently verify rental income? Can I legally request bank statements?

The current owner pays utilities and I have requested all utilities bills for the last three months. Is this sufficient enough?

I have the tax records and have a quote for insurance. There is no HOA, no lawn maintenance or other miscellaneous expenses.

Have I missed anything in my financial due diligence?

Thank you for the help

Russ

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