In this episode of the Turning Profit Podcast, we dive into the critical steps involved in the due diligence process of land investing.
We discuss everything from on-site inspections, broker opinions, title reports, to comprehensive due diligence reports.
We also cover related topics like auctions and handling difficult property circumstances.
If you’re looking for a wealth of information in real estate or land investing, this episode is for you.
Key Takeaways:
- Introduction to Real Estate Due Diligence (00:00)
- Today’s Topic: Researching a Property (00:46)
- The Importance of Due Diligence (01:50)
- Remembering Jimmy Buffett (02:48)
- Communication in Real Estate Deals (06:03)
- Onsite Inspections and Broker Opinions (12:58)
- Revealing True Colors (33:59)
- Agent Responsiveness (34:17)
- Market Shifts and Comfort Zones (34:32)
- Title Report Essentials (35:23)
- Understanding Easements (37:58)
- Due Diligence Report (41:40)
- Navigating Closing Costs (48:06)
- Handling Title Issues (50:52)
- Exploring Real Estate Auctions (53:23)
- Selling Challenging Properties (57:45)
- Recap and Resources (01:00:17)
Additional Resources:
✨ Get all of our recommended tools and services at https://resources.landconquest.com
✨ Follow Pete on Instagram here: https://www.instagram.com/partnerwithpete
✨ Connect with Pete on LinkedIn here: https://www.linkedin.com/in/partnerwithpete/
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Turning Profit is a podcast for people who love real estate, brought to you by Pete and Heather Reese.
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