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EP 6: How to Conduct Thorough Due Diligence as a New Real Estate Investor

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Content provided by Mike Doherty & Ryan Deasy, Mike Doherty, and Ryan Deasy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mike Doherty & Ryan Deasy, Mike Doherty, and Ryan Deasy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

In this episode of Sky's the Limit, hosts Mike and Ryan walk through the ins and outs of due diligence for new real estate investors. They explain what due diligence is, why it's critical, and how to conduct thorough due diligence when evaluating properties. They outline key items to research including the physical condition via inspections, financials, operations, leases, estoppel agreements, and more. Mike and Ryan provide tips on using the inspection period and due diligence to negotiate a better deal. They discuss common mistakes and missteps with due diligence and emphasize the importance of leveraging this time to uncover risks and get clarity before closing. Whether you're flipping, wholesaling or buying rentals, this episode equips new investors with a framework for due diligence best practices. Learn how to avoid costly surprises and fully vet deals on the latest Sky's the Limit podcast for beginning real estate investors.
🔗 Useful Links:
Our Website
• Find us on Social Media: @Skysthelimit.podcast
Our Producer

Subscribe to our YouTube channel to watch our podcast and other related content in video form! https://www.youtube.com/@skysthelimit.podcast

  continue reading

29 episoade

Artwork
iconDistribuie
 
Manage episode 379350804 series 3507202
Content provided by Mike Doherty & Ryan Deasy, Mike Doherty, and Ryan Deasy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mike Doherty & Ryan Deasy, Mike Doherty, and Ryan Deasy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

In this episode of Sky's the Limit, hosts Mike and Ryan walk through the ins and outs of due diligence for new real estate investors. They explain what due diligence is, why it's critical, and how to conduct thorough due diligence when evaluating properties. They outline key items to research including the physical condition via inspections, financials, operations, leases, estoppel agreements, and more. Mike and Ryan provide tips on using the inspection period and due diligence to negotiate a better deal. They discuss common mistakes and missteps with due diligence and emphasize the importance of leveraging this time to uncover risks and get clarity before closing. Whether you're flipping, wholesaling or buying rentals, this episode equips new investors with a framework for due diligence best practices. Learn how to avoid costly surprises and fully vet deals on the latest Sky's the Limit podcast for beginning real estate investors.
🔗 Useful Links:
Our Website
• Find us on Social Media: @Skysthelimit.podcast
Our Producer

Subscribe to our YouTube channel to watch our podcast and other related content in video form! https://www.youtube.com/@skysthelimit.podcast

  continue reading

29 episoade

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