Manage episode 514902419 series 3363511
In this episode of Uncontested Investing, we’re getting into one of the most critical (and often overlooked) parts of real estate investing — due diligence.
Whether you’re buying your first property or scaling your portfolio, your profit is made long before closing, and due diligence is how you protect it. We walk through a comprehensive investor checklist, covering everything from verifying disclosures, zoning, and title issues to assessing flood zones, insurance, and environmental risks.
We also discuss the power of local networking, using your professional partners wisely, and why your inspection reports and documentation can make or break your next deal.
If you’re ready to level up your investing game and avoid costly surprises, this episode gives you the exact framework for doing your homework the right way every time.
Key Talking Points of the Episode
00:00 Introduction
01:48 Reviewing property listings and disclosures
02:31 Key objectives for due diligence
03:37 Verifying permits, renovations, and property records
04:20 Market analysis: comps, absorption rates, and upcoming development plans
05:36 Why clear title, liens, and ownership verification matter
06:34 Boundary disputes and surveys: ensuring your property lines are accurate
07:44 Structural and system inspections: roofing, foundation, plumbing, electrical, HVAC
09:49 Zoning and code compliance: understanding setbacks, density limits, and regulations
11:45 Financial due diligence: taxes, assessments, and understanding true operating costs
12:29 Condo considerations: rental limits, HOA bylaws, and special assessments
14:34 Reviewing title insurance and old deeds
16:11 Environmental and site assessments: when to order a Phase I or Phase II
17:07 Real-life lessons from an old hat factory and contamination issues
18:34 Partnering with local experts: attorneys, inspectors, surveyors, and environmental specialists
20:32 Documenting and keeping records for recourse and resale value
22:30 Networking, organization, and how due diligence builds investor confidence
Quotables
“Try not to learn from your mistakes, learn from somebody else’s.”
“Due diligence is about unveiling the potholes before you drive over them.”
“Networking makes due diligence less overwhelming. You don’t have to do it alone.”
Links
RCN Capital
https://www.rcncapital.com/podcast
https://www.instagram.com/rcn_capital/
REI INK
173 episodes