Warning: fsockopen(): php_network_getaddresses: getaddrinfo failed: Name or service not known in /home/irreia/public_html/wp-content/plugins/topsy/topsy.php on line 337

Warning: fsockopen(): unable to connect to otter.topsy.com:80 (php_network_getaddresses: getaddrinfo failed: Name or service not known) in /home/irreia/public_html/wp-content/plugins/topsy/topsy.php on line 337
Effective Due Diligence Can Create Millions in Value within a few weeks or months | International Residential Real Estate Investors Association
Monday September 25th 2017

Join Us On

join the IRREIA linked in group

Effective Due Diligence Can Create Millions in Value within a few weeks or months

A couple years ago, we identified successfully acquired a small property and doubled its value  in only a few months.  This success was created by careful examination of the surrounding competitors, property expenses,  and lease contracts.  We successfully increased monthly revenue 10% the first month and 33% in the first quarter.  By the close of the first year revenue was  up 50% from closing and the value  was almost double generating a 3X value increase for initial investors.

Achieving this kind of result requires more than cursory  analysis and requires high end financial and operational review.

“The IRREIA - Making residential real estate investing more fun and rewarding
through better education, tools, information, and networking!”

sign_up_button.jpg

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

Reader Feedback

One Response to “Effective Due Diligence Can Create Millions in Value within a few weeks or months”

  1. 062291va says:

    The appropriate level of due diligence (“DD”) for a transaction, apart from the lender’s requirements, normally comes down to the buyer’s appetite for risk. If the buyer thinks they’re getting a bargain and the property has minimal issues, we find a buyer may (despite our standard advice to do as much DD as possible on a deal) proceed with minimal DD if the lender is ok with this (or if there is no lender involved).

    On the other hand, a property with multiple tenants, zoning/development problems, and possible contamination can require a large DD spend.

    Neil’s comment about seller/vendor warranties is useful, but these type of warranties can only be relied on as long as the seller/vendor stays solvent – if a seller/vendor goes broke (or absent) after a deal has been completed and a buyer needs to pursue a seller/vendor for breach of warranty, the only option is usually litigation, which may not produce a satisfactory result for the buyer.

    Can I recommend everyone reading this to get a lawyer involved as soon as possible in a transaction (ie, before a contract is signed) – yes, we are a cost, but the cost of not having us on your side is often greater down the track.

    Oliver Meehan – from LinkedIn Q&A

Leave a Reply


Warning: Illegal string offset 'solo_subscribe' in /home/irreia/public_html/wp-content/plugins/subscribe-to-comments/subscribe-to-comments.php on line 304

Subscribe without commenting