How To Perform Jake & Gino’s Three-Step Due Diligence On A Multifamily Property

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Any experienced investor will tell you how significant it is to know how to conduct a thorough multifamily apartment due diligence. Due diligence is defined by Investopedia as the care a reasonable person should take before entering into an agreement or a transaction to another party. I learned the importance of due diligence, or lack there of, soon after my first real estate blunder.

There are 3 types of due diligence:

1. Financial
2. Physical
3. Legal

As a rule of thumb, always perform the financial due diligence first. If the numbers don’t work out, then you didn’t waste any money or time on the property inspection or legal work. The majority of deals that don’t go to closing are because of the financial due diligence. In these uncertain times, we recommend a thirty day due diligence period for performing your due diligence. The due diligence period should not commence until you’ve received ALL the requested financial documents. This will motivate the seller to turn over all the records in a timely fashion so you can perform an accurate analysis of the property’s performance much more quickly.

Watch the video to learn more.

Read Gino Barbaro’s article on this subject: https://jakeandgino.com/how-to-perform-due-diligence-multifamily-property/

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About Jake & Gino
Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company that controls over $4,000,000,000 in assets under management. They have created the Jake & Gino community to teach others their three-step framework: Buy Right, Finance Right and Manage Right®, and to become multifamily entrepreneurs.

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