Due diligence Checklist

Personal

  • Background and credit check authorization

  • Prior Year Tax statements

  • Prior real estate experience details

 

 

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

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