Topic: Due Diligence for Real Estate Investing
If you don’t look for the snake, you may get bit. And if you don’t know where snakes hide, you should find out before you begin. When doing a real estate deal, the snakes are risks. And if you don’t know where the risks hide, you will eventually get bit.
Due Diligence[doo dil-i-juh ns]
- General: Measure of prudence, responsibility, and diligence that is expected from, and ordinarily exercised by, a reasonable and prudent person under the circumstances.
- Business: Duty of a firm’s directors and officers to act prudently in evaluating associated risks in all transactions.
- Investing: Duty of the investor to gather necessary information on actual or potential risks involved in an investment.
- Negotiating: Duty of each party to confirm each other’s expectations and understandings, and to independently verify the abilities of the other to fulfill the conditions and requirements of the agreement.
Join us this month to learn how to conduct due diligence for your deals. Doing a good job will potentially save you money, time, stress, fear, and maybe a lot more. Consider this a safety class for your business. We’ll cover this topic considering risk categories of: financial, use, land, utilities, construction, improvements, inspections, reports, and more.
6:00 pm – 9:00 pm
- 6:00-6:45 – Sign-In | Sign-in at the welcome table located in the reception areas in front of the ballroom where our meeting is held. You may also purchase your membership at the welcome table.
- 6:00-6:45 – Networking & Food | Start networking by joining DelREIA’s coaches from 6:00-6:45. This time is perfect for anyone who has questions for a coach, wants to learn more about real estate investing or DelREIA.
- 6:45-8:30 – Meeting | Please help us start on time by being seated at 6:45.
- 8:30-9:00 – Networking | Network until 9:00 pm or later if you choose!
Originally from New Jersey, Mike has been in Delaware since 1986 when he was stationed in Dover with the Air Force. After ten years of active duty, the next six years he performed in sales and relationship management for a corporate bank. Mike’s entrepreneurial spirit has been growing since grade school when he started making money from door-to-door sales and a newspaper route. Since starting his real estate investing business in 1999, (full time 2003), he has completed hundreds of deals including buy and hold, lease purchase, flip, wholesale, options, creating notes, new construction, and apartment to condo conversion. Mike enjoys teaching real estate investing at Del Tech and speaking for other groups and organizations. He is fulfilling one of his biggest passions by providing an environment where real estate investors can learn, grow, and network.