Due diligence Checklist

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Personal

• Background and credit check authorization

• Prior Year Tax statements

• Prior real estate experience details

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Property

• Property Purchase Agreement

• Loan Documents 

• Property Disclosures

• Appraisal Value: As Is/After Repair Value (ARV)

• Actual P&L and Cash Flow Statements

• 3 months Bank Statements

• Current Pro Forma financials for project

• Rehab Original Estimate

• Rehab Amount Spent to Date 

• Project completion date - Original

• Project completion date - Current

• Additional funding dollars needed

• Proposed use of additional funding

• Current Bids received for project completion 

• Deviation to Plan - Cost and Schedule

• Insurance documents

• Lien releases

• Amounts payable to vendors

• Contact information  for service providers