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What Is Good Due Diligence? | International Residential Real Estate Investors Association
Saturday September 23rd 2017

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What Is Good Due Diligence?

Effective due diligence is information collected prior to purchasing a property that accomplishes the following:

  1. Results in changes to the business plan resulting more rapid increase  in revenue.
  2. Results in changes to the business plan resulting in greater final revenue than was anticipated.
  3. Results in changes that assure the project is fully funded for capital improvements and operations.
  4. Results in changes to  the operation and marketing plan finally reducing on going operational costs.
  5. Results in information that improve the appraised value on an “as is” and “as improved basis”.
  6. Results in information that will prevent a non-performing purchase.

As an investor, you should be measuring your projects against these issues and determining changes to your due diligence plans to meet these goals

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