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Due Diligence for Orange County Real Estate Investors: 5 Things You Need to Check

Experienced real estate investors know doing their homework pays, understanding that thoroughly checking off the list all of the details means avoiding nightmares that cost time and money. Moreover, these investors realize it all counts towards bringing the best possible return on their investment dollar. 

Of course, skipping ahead to the ending of a book might be worth ruining the story for a reader, but neglecting to perform due diligence isn’t an option for savvy Orange County real estate investors. So you will want to pay attention to these five things you need to check first before purchasing an investment property.

Checking Twice

Before ever looking at an investment property, the numbers should add up. Due diligence for Orange County real estate investors means checking the numbers twice, backward and forwards. When you invest in real estate, while it is a bonus if you particularly like a property, you should be much more excited about the numbers. Once you have performed your due diligence tasks, you should carefully examine any numbers that do not match the original reports. 

Walk the Property

The next thing you need to check in the performance of your due diligence for Orange County real estate investors is the property itself, walking physically around the entire property. Remember you are also buying the sights, sounds, and smells surrounding you, so you should pay attention to neighboring properties before signing on the dotted line. Unless you are an experienced investor, it is prudent to ask for input from a trusted investor, likely to spot red flags an inexperienced eye may miss, like the experts at H&M Realty Group.

Flipping or Holding Costs

Due diligence for Orange County real estate investors should provide you with realistic estimates of any rehabbing costs, along with the costs to hold the property. Suppose you will be holding the property over the long term. In that case, it is essential to have an accurate accounting of annual expenses, such as hiring a professional property management company, any mortgage, taxes, maintenance, repairs, and even vacancies. If you are flipping properties, you should calculate an estimate of the time to repair and maintain the property until sold. Working with H&M Realty Group means working with an entire team, swiftly providing you with reliable numbers.

Review Legal Documents

Due diligence also requires Orange County real estate investors to complete a thorough review of all available information and any legal documents associated with the property. For example, a title search will identify problems, known as clouds on the title, with any liens against the property for debt. In addition, title searches may reveal breaks that require correction and could be something as simple as the misspelling of a name. They may also disclose possible fraudulent ownership or serve to clear the chain of title or history of ownership of the property. 

Exit Strategy

Last but not least, as with every investment you make, due diligence for Orange County real estate investors should include planning your exit strategy. The real estate market does experience fluctuations, so you should begin with plans to remove yourself from this investment, remaining flexible and timely. As a business practice, professional investors like those at H&M Realty Group continually monitor changes in the current Orange County real estate market. These trends and other outside influences help provide Orange County real estate investors an educated estimation of the just when to sell the investment property.

The experienced investors at H&M Realty Group help Orange County real estate investors every day in the performance of due diligence. So why not turn to the professionals at H&M Realty Group to help you mark off all the boxes on your checklist. Call H&M Realty Group at 949-625-4533 or send us a message today!

Joe

Broker/Realtor/Investor/Mentor (41 years experience) Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale, Property Management, Landlord I'm a Full Time Real Estate Professional, house flipper and mentor to many of my clients. I am here to help you get top dollar for your home or get you the best price for a home that you are going to live in. I have over 40 years of real estate experience for you to draw on and actively list and sell over 20 homes a year. I have sold over 600+ homes in the last ten years alone. I am a very skillful negotiator and will work diligently to help you realize the best possible price when buying or selling your home. With my Exclusive Home Acquisition & Sales System, I can find the Right Home for You! I have access to homes no other Realtor will show you. I can show you how to save an average of $10,000.00 on the purchase price. We will find a home that fits your needs, in a neighborhood that suits your style. If you are selling your home then I can bring all the professionals to you. I always include professional photos in ALL my listings. I have contractors standing by to assist with those upgrades if needed. I can also quickly get you ALL CASH offers for your home if you desire. My marketing surpasses all other agents. It begins with extensive internet advertising to hundreds of websites throughout the world. I do direct mail marketing for you home and also knock on doors in your neighborhood when I am holding an open house. I hold you home open to expose it to as many buyers as possible. My Exclusive program is designed to sell your home for Top Dollar in Any market. I am an experienced flipper here in Orange County and therefore can offer you my over 40 years of real estate experience. The information is available to you at no charge! If you like what you see, please call me and setup Your Free Consultation.

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