ilmscore | Real Estate Investment Due Diligence Predictions

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Recent Predictions

Total: 5

Correct: 0

Incorrect: 0

Pending: 5

Unrated: 0

Prediction

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Hiring a private property inspector is crucial during due diligence to assess the property's condition and avoid costly mistakes, as personal experience has shown.

"as soon as you enter into a contract to buy this property you want to make sure that this proper pro..."

Minority Mindse...

Oct 22, 2023

Pending

How To Build True We...

The speaker's worst deal resulted from trusting a contractor instead of a property inspector, leading to the purchase of a severely damaged property that incurred tens of thousands in unexpected repair costs.

"my worst deal ever was a deal where I trusted my contractor who was not my property inspector that I..."

Minority Mindse...

Oct 22, 2023

Pending

How To Build True We...

Engaging a contractor during due diligence to estimate renovation costs is essential; it allows for backing out of a deal if the costs exceed expectations.

"get a good contractor to walk through the property because if you're going to be doing renovations y..."

Minority Mindse...

Oct 22, 2023

Pending

How To Build True We...

Involving a property manager during due diligence helps assess renovation needs, understand local tenant preferences, and estimate potential rental income.

"get your property manager to walk through the property that way they can get an idea of what the pro..."

Minority Mindse...

Oct 22, 2023

Pending

How To Build True We...

Engaging with the city during due diligence is crucial to understand licensing requirements, potential new landlord restrictions, and outstanding liens, preventing unexpected costs after purchase.

"get the city involved because you want the city to know that you're looking at buying this property ..."

Minority Mindse...

Oct 22, 2023

Pending

How To Build True We...