Once you have done the due diligence on the property you are looking at you will probably be getting ready for closing. Here are some more items that you will want to do for Due Diligence prior to closing:
Engineering Inspection and Survey
Environmental Inspection and Survey: Key Issues: Asbestos, Lead Paint, underground tanks, wetlands
Environmental Phase One: An Environmental Phase One (1) Assessment is an inquiry conducted to determine the environmental status of a property or facility in connection with a real estate property transaction. It follows standards which includes those published by ASTM.
Environmental Phase Two:
Assessments/Subsurface Investigations: These projects include but are not limited to subsurface drilling and sampling, monitoring well installation and sampling, ground penetrating radar, and asbestos and lead sampling.
LUST survey- leaking underground storage tanks
Title Search and policy
Property tax verification
Tenant Estoppel Letters
Mortgagee Estoppel letters
Legal Verifications: licenses, permits, zoning
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125