2 offers in pipeline. Good luck everyone! 🏆

Hi everyone! I’m Johnny, and I recently joined the Rental Property Playbook. I’m from Colorado and currently in Ohio finishing college, with plans to head back to Colorado after graduation. Given where the Colorado market is right now, I have shifted my investing strategy to out-of-state real estate, which is how I connected with Mr. Waters through the BiggerPockets community. I am looking to buy my first deal soon, so I’m excited to learn from all of you. Looking forward to meeting everyone!

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?

Hi everyone! My name is Keren, and I recently joined the Rental Property Playbook program. I live in New York with my husband and our three teenagers. I currently work as a bookkeeper for a very successful summer camp, but I’m looking to build something for the long term and create additional opportunities through real estate investing. I’m excited to expand my knowledge, learn from others, and grow in the real estate world. Looking forward to connecting, sharing ideas, partnering, and learning from all of you. Excited to be here!

Hey guys, Julia's post about what else to check before making an offer got me thinking about this. One way I'd use ChatGPT here is to sort out which numbers have a source and which are still estimates. I'd paste in the listing details and any quotes or notes, then ask: “Put the numbers in a table: amount, where it came from, and whether it's an estimate or backed by a document. List anything missing and any figures that contradict each other. Don't fill gaps with guesses. Turn the missing items into questions I can send to the agent, property manager or lender.” That could turn “the deal looks good” into something more useful, like “I still need a current insurance quote and evidence for the rent estimate.” I'd still check every figure against the original documents and confirm it with the right person. The useful bit is having the unanswered questions in one place before running the numbers.