WIP 1017: Due Diligence Deep Dive - The Exact Steps to Doing Due Diligence on a Property

“The negotiation doesn't really start until the property is under contract.” This is just one of the great nuggets from today’s episode with David Dodge. In this episode, David does a deep dive on one of the most important parts of the wholesaling process: the due diligence. Due diligence is often where your money is made. David breaks down his exact due diligence process by highlighting the right way to get a property under contract, how to properly calculate a property’s value and right questions to ask your buyer.

If you want to go even deeper into the due diligence process and everything else that comes with wholesaling, David has created a perfect program that’ll get you from A to Z on wholesaling your first deal: the Rhino Roadmap program. Apply today and have Coaches David and Lauren guide you step by step to your first deal.

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Show notes:

• (1:04) - Beginning of today’s episode.
• (2:18) - How to put a property under contract – the right way.
• (6:54) - The two approaches to put a property under contract.
• (7:33) - Here’s exactly how you’re going to calculate a property’s after repair value (ARV).
• (13:24) - Do this to make your ARV even more accurate.
• (16:26) - Ask your buyers these questions.
• (19:26) - David has only lost money a couple of times in real estate – here’s what happened.

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Resources:

• Want to learn more? Check out our Rhino Roadmap program.
• To speak with David or one of our other expert coaches call (281) 835-4201 or schedule here.