The Power of Police Insights
Manage episode 449268057 series 3609087
The simplest and most effective due diligence step for both general partners (GPs) and limited partners (LPs) in real estate investing is to contact the police about a property. This insightful tip is shared through a personal story that highlights the importance of understanding a property's neighborhood dynamics. The police have firsthand knowledge of any issues affecting a property, which can provide valuable insight beyond standard financial reports. By prioritizing this step in due diligence, investors can potentially avoid costly mistakes and make more informed decisions.
Links referenced in this episode:
Companies mentioned in this episode:
- Scholastic Capital
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