215: How To Do Due Diligence - Pricing, Taxes, Loans & Home Inspections
About this episode
The episode discusses the essential role of due diligence in real estate investing, emphasizing practical advice for investors.
Jason Hartman and contributor Adam discussing the essential role of due diligence in real estate investing. They emphasize finding a "Goldilocks zone" for decision-making, cautioning investors against both impulsive speed and analytical paralysis. Key practical advice includes verifying property pricing through the MLS or Zillow and scrutinizing the scope of work for renovations to ensure future warranty protections. They further explain how to audit financial variables, such as property taxes and insurance costs, which are often understated in initial investment projections. The discussion also covers the logistics of securing financing for smaller properties and the necessity of professional home inspections and re-inspections before closing a deal. Through these steps, the sources aim to provide a comprehensive roadmap for protecting capital and ensuring long-term success in income property ownership. Key Takeaways: 4:00 Where to find pricing: MLS, Zillow and Tax Assessor 9:10 Pictures can be insanely misleading. Sometimes, it's not even the same house. 14:25 A quick call to the country tax assessor can give you a ballpark estimate on taxes for an investment property. 19:35…
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