Due Diligence for Real Estate Purchases, Part 2
In this second installment we discuss more important due diligence items relating to the purchase of a new property. This edition focuses on property physical characteristics as well as title and zoning due diligence. Checking-up on these items can help you avoid making a catastrophic error in your real estate purchase decisions.
As an entrepreneur, your real estate portfolio will likely change drastically over time. There may be times when you are forced to lease or sub-lease some space. If you end up leasing a piece of residential real estate, you will want to know some of the important terms to include in the lease.
Due Diligence for Real Estate Purchases, Part 1
After finding what you think is the perfect location and property for your company, you will probably be very eager to purchase it quickly and get moving. Tread carefully, however, there are scores of due diligence items that you will want to check before closing on that transaction. In Part 1 we discuss tenant information items, property operations items, and property ownership items.