Due diligence Checklist
Personal
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Background and credit check authorization
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Prior Year Tax statements
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Prior real estate experience details
Property
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Property Purchase Agreement
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Loan Documents
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Property Disclosures
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Appraisal Value: As Is/After Repair Value (ARV)
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Actual P&L and Cash Flow Statements
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3 months Bank Statements
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Current Pro Forma financials for project
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Rehab Original Estimate
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Rehab Amount Spent to Date
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Project completion date - Original
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Project completion date - Current
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Additional funding dollars needed
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Proposed use of additional funding
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Current Bids received for project completion
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Deviation to Plan - Cost and Schedule
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Insurance documents
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Lien releases
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Amounts payable to vendors
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Contact information for service providers