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1 contribution to Rental Property Playbook
What you learned during due diligence
One thing I’ve learned from doing due diligence is that a deal can look pretty good on paper until you start digging into the details. I’ve had situations where the numbers initially looked solid, but once we started checking things properly, a few things came up that needed another look. It’s definitely made me slower to get excited about a property just because the purchase price and projected numbers look good. Now I’m paying a lot more attention to the things that can easily get overlooked condition of the property, actual rents, repairs, insurance, taxes, and what the numbers look like once everything is accounted for. Sometimes the best part of due diligence is finding a problem early enough to walk away from it. what’s one thing due diligence has caught for you that you probably would have missed otherwise?
1 like • 26d
Very true, great lesson
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