One of the most tedious and time-consuming aspects of real estate investing is due diligence. It is not a stretch for a good investor to look at dozens of properties without getting an offer accepted. In fact, they may not even make an offer if the property and numbers don’t make sense. After a while driving to new listings can feel like a waste of time. However, the property you get lazy on is the one that will get you in trouble. Instead of lamenting the fact that you can’t get more deals, you should refine your system to streamline the process. The quicker you are in deal evaluation the quicker you can make a decision and move forward or move on to the next property. Here are three key components of deal evaluation.
Like anything else the more properties you evaluate the easier it becomes and the better at it you will be. In the meantime, focus on these three key areas to help expedite the process.