This means “do your homework” and check for any problems.  Typical problems could be federal or state liens on a property, environmental issues, or bankruptcy.  The most important thing to understand is the property value. 

Due diligence is a fancy way of saying…BE CAREFUL.  Know what you are buying.

Here are some things to consider:

• Check the property description and make sure it is marketable land, not green space, water rights, mineral rights, odd-shaped parcels, etc.
• Compare the taxes owed to the value; if it’s not worth the taxes owed, then move on.
• Check for other liens or bankruptcy. Some lists will include this information, but most won’t.  Research property owner names on the Grantor/Grantee index usually found online or at the Recorder/Clerk’s office.
• Understand property types.
• If it’s a commercial property, check for environmental problems.
• If you’re ever confused about a parcel or a name that keeps coming up, call the County and ask questions. Most officials are friendly and will help.  Be aware that they have the right to refuse any assistance.

Happy Investing,

Gus and Mike
Authors/Investors | https://taxforeclosuresales.com/training/

Lesson 6

P.S. If you haven’t reached out to ask us a question, then I assume you are about ready to start investing on your own and don’t need any help.  We wish we could continue personally answering questions for free, but we are busy looking over lists, helping our Premium Members, and relaxing.  Yes, that’s right – we are both semi-retired so there’s no 40-hour work week.  We enjoy spending time with family, friends, and furry creatures.  One of them needs a walk right now :). If you have no questions right now, then let’s keep learning. 

https://taxforeclosuresales.com/training/