Pre Due Diligence

Описание: Pre-due diligence is the phase before entering into due diligence when acquiring a property. It involves thoroughly examining the property's health, financial background, zoning rules, environmental factors, and more to identify any red flags and determine the property's true value. On-market properties come with an Offering Memorandum (OM) that highlights the positives, while off-market properties require more research and digging. Google Maps is a useful tool for virtual walk-throughs of the area. Demographic data, crime rates, school quality, and business reputations are important factors to consider. The due diligence period in the purchase agreement should allow enough time for thorough investigation, and extensions should be included. Researching the seller can provide leverage in negotiations.


Takeaways
1. Pre-due diligence is the phase before entering into due diligence when acquiring a property.
2. Thoroughly examine the property's health, financial background, zoning rules, and environmental factors to identify red flags and determine its true value.
3. On-market properties come with an Offering Memorandum (OM) that highlights the positives, while off-market properties require more research.
4. Use Google Maps for virtual walk-throughs of the area and gather demographic data, crime rates, school quality, and business reputations.
5. Include adequate time for due diligence in the purchase agreement and research the seller for leverage in negotiations.


Chapters
00:00 Introduction to Pre-Due Diligence
01:37 Differentiating On Market and Off Market Properties
02:41 Key Factors to Consider in Property Analysis
05:23 Submitting an LOI and Moving to the PSA
13:33 Navigating the Due Diligence Period
15:45 Ensuring Transparency and Communication


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