When you buy a property, what should you do first? You do your due diligence. What is due diligence? Reasonable steps taken by a person in order to satisfy a legal requirement, especially in buying or selling something. Due diligence gives you, the bank, and investors the confidence about whether you want to do the deal. That is the most important part of due diligence, the simple question of asking yourself “do I want to be in the deal?”

1.Do you want to be in the game? Whether office, single family home, or multi-family…what game do you want to be in?
2.Do you want to be in that deal? Getting more specific, do you want those tenants, that location, that building?

Remember that you need a bank on your side. They are your partner. Grant takes 20 days usually with due diligence. What does he look at from the seller? Inspections, rent rolls, T12, rehab information, and income statements. There are 3 kinds of income statements. Real ones, fake ones, and mom and pop ones. The mom and pop statements end in all 0’s. Nothing ends in zero. Due diligence will find the real numbers.

There is still time to get in on Grant’s latest deal. Go to ormondinvestment.com to learn more.

  • Jay Matthiesen

    Hey GC….Can you do an episode on the upcoming economic meltdown that I keep seeing pop up in various media circles currently? Even you were saying it the other day. Shed some light on the issues, brother!

  • RuslanE

    I did email to Ryan about 3 weeks ago, but didn’t get an answer yet. Please check and give me your reply, Ryan. Thank you.

  • SuppleDavid

    This show was awesome! Amazing content! Thank you thank you thank you Mr Cardone and Captian Ryan.