The Real Estate Diversification Podcast
Business:Investing
In this Legacy Series episode of The RED Podcast, Ferd Niemann takes us through 10 Land Mines to Avoid in Due Diligence.
Hosted by Jonathan Gilmore.
HIGHLIGHTS:
0:00 – Intro
0:52 – Warren Buffet is much better at avoiding a problem than getting out of a problem
1:40 – Advertising your properties
4:16 – Most mobile home park owners want to own the land not the homes but most tenants don’t want to buy
7:55 – You have to look at the size of the lots and make sure you don’t get hurt with set backs
10:10 – Read the zoning code, understand grandfathering and then negotiate with the city
11:12 – What are the development restrictions and requirements for maintenance and operations
12:00 – Make sure you have an operating city permit
13:30 – Run a police report and a sex offender check
14:19 – If someone is selling drugs in the park, hire an off duty cop to monitor the park for 2 nights
17:33 – Make sure inspect the utility and infrastructure, such as the roads and gas lines
18:42 – Make sure your title survey easement review matches up to your inspections
20:15 – Inspect the water and sewer
21:21 – Make sure there is valid title
22:10 – Make sure due diligence doesn’t start until he gets his title and survey
24:50 – Inspect the bankability of the property, make sure it will appraise, make sure it will pass the condition requirements for bank financing
25:43 – Get a phase one environmental
RESOURCES:
Due Diligence Land Mines Checklist
Ep. 33 | Property Tax Appeals
Ep. 32 | Underwriting Property Taxes
Ep. 31 | 10 Things To Include In Your Zoning Letter
Ep. 30 | Title Commitment and Surveys 101 – Part 2 of 2
Ep. 29 | Title Commitment and Surveys 101 – Part 1 of 2
Ep. 27 | 30 Seller Deliverables to Request for Your Due Diligence
Ep. 26 | 30+ Provisions for Effective Purchase & Sale Contracts – Including 4 That Will Save Or Make You Money
Ep. 25 | Underwriting Assumptions for Your P and L and Day 1 Budget
Ep. 24 | 11 Steps to Consider When Evaluating a Real Estate Purchase
Ep. 23 | Property Tax Incentives
Ep. 22 | Industrial Real Estate
Ep. 21 | Historic Preservation Tax Credits
Ep. 20 | Restaurant Investments
Ep. 19 | Oil & Gas Investing
Ep. 18 | Investing in Farms
Ep. 17 | NNN Leases: What Commercial Real Estate Investors Should Know
Ep. 16 | Retail Development
Ep. 15 | Single Family Residential Development Purchase and Sale Agreements (PSAs)
Ep. 14 | A Deeper Dive into Single-Family Residential Development
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast