Commercial Real Estate Investing

Dr. Howard Edward Haller,

CEO, Real Estate Mentor Co. , US Real Estate Mentor & Commercial Real Estate Expert, Residential Real Estate Expert, Probate Real Estate Expert, Professional Real Estate Keynote Speaker, Real Estate Investor, Commercial Real Estate Developer, Licensed California Real Estate Broker (over 25 years), and Licensed California Contractor for 20 years

DUE DILIGENCE CHECK LIST TO BUY MULTI-FAMILY PROPERTIES

ADDRESS: ___________________________________________________________
MORTGAGE BROKER: ________________________PHONE #_______________
LISTING AGENT: ______________________________PHONE #_______________
OUR AGENT: ______________________________PHONE #_______________
TITLE COMPANY: ______________________________PHONE #_______________
SELLER’S NAME: ______________________________PHONE #_______________
SELLER’S CPA: _________________________________PHONE # _______________
WHOLE HOUSE INSPECTOR:_____________________________________________
TERMITE INSPECTOR: _______________________________________________
INSURANCE AGENT: _______________________________________________

IN PROGRESS COMPLETED

VALUE / COMPS __________ ____________

RECEVED FROM SELLER CPA–3 yrs-Sch. E’s __________ ____________

CASH FLOW ANALYSIS __________ ____________

INSPECTIONS
WHOLE BUILDING __________ ____________
TERMITE __________ ____________
OTHER INSPECTIONS __________ ____________

CALL APRTMENT COMPLEX IN AREA
TO VERIFY RENT, ETC. __________ ____________

PICTURES OF PROPERTY __________ ____________

REPAIR ESTIMATES __________ ____________

UTILITIES gas, electric, water, city code __________ ____________

CONTRACT TO PURCHASE
PHYSICAL INVENTORY LIST __________ ____________
SUBJECT TO REVIEW OF B&R __________ ____________
LIST OF CURRENT VENDORS __________ ____________
RENT COLLECTION PROCESS __________ ____________
LEASES __________ ____________

REVIEW BOOKS/RECORDS/ INSPECTIONS __________ ____________

INTERVIEW TENANTS-/ESTOPPEK Cert’s __________ ____________

DEPOSIT EARNEST MONEY __________ ____________

CREATE TIME-LINE FOR DEAL __________ ____________

TITLE PRELIM & TITLE EXAM __________ ____________

TITLE INSURANCE __________ ____________

PROPERTY INSURANCE __________ ____________

SET UP LLC FOR INVESTOR __________ ____________

GET FINANCING STARTED FOR INVESTOR __________ ____________

CONSULTING FEE ARRANGEMENT __________ ____________

CLOSING DATE / TIME __________ ____________

COPY OF CLOSING STATEMENT __________ ____________

ACCESS TO PROPERTY __________ ____________

SURVEY, IF NEEDED __________ ____________

PROPERTY TAXES __________ ____________

EARNEST MONEY RETURNED __________ ____________

HIRE ONSITE MANAGER, if applicable __________ ____________

HIRE MAINTENACE, if applicable __________ ____________

OPEN BANK ACCOUNTS LOCALLY __________ ____________

REVIEW LAUNDRY CONTRACT, if applicable __________ ____________

SET UP QUICKBOOKS FOR PROPERTY __________ ____________

MANAGEMENT CONTRACT __________ ____________

BEST REAL ESTATE MENTOR

REAL ESTATE INVESTOR: Check List to Buy Multi-Family Properties

Commercial Real Estate Investing

Dr. Howard Edward Haller,

DUE DILIGENCE CHECK LIST TO BUY MULTI-FAMILY PROPERTIES