Due Diligence Checklist on Real Property:
(Good list found at: http://www.birds-eye.net/due_diligence/real_estate/ )
Title Report
Inspection
Multiple Appraisals
County Assessment
Motives for selling property
Water rights
Rental History + Leases
Utilities History
Tax Returns last 3 yrs
Zoning
Economic direction of neighborhood
Crime
Talking with neighbors
Production of illegal drugs inspection
Electrical and plumbing
And of course much more….
Check out Private Money Utah for private and hard money information
Posting from Cary Valerio, C.E.O. of Valerio Investments and Bray-Conn Inc. on the topic Real Estate: 30 Year Mortgages and Asher Institute Report.
Real estate investing is the best business where we can earn nice income with in a short interval of time.
ReplyDeleteI lovereal estate investing. It is one of the few investments where leverage is the norm. One of the other posts stated that the market should turn around in the next couple of years and have a modest 3% appreciation. Well 3% appreciation of a property where you put 10% down is a 30% return on your investment. Not a bad return considering this is based on moderate appreciation and in reality, I try to structure my real estate investments with less than 10% down (I still insist on them cash flowing).
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