Due Diligence

Through a detailed research process, ensure every deal you do is as safe and secure as possible so you have a positive financial outcome.

20
Hrs
Mins
Secs
4
57
32
SEGMENTS DURATION
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INSTRUCTOR

Jason Andrus

Jason is an entrepreneur, top-producing salesman, real estate investor, property inspector, small business consultant, motivational speaker, radio host, property manager, family man, lover of all-things Idaho, popcorn, and sushi. Jason has been involved in small business and salesmanship since a youth in his family's trucking company and coal and grain delivery business. Professionally, he has been a top-producer in sales in many real estate related industries, from mortgage loan origination to real estate investing education. He has been buying and selling real estate for his own investment purposes for over 15 years and been involved in well over 1000 inspections and more than 100 real estate transactions--most of which were profitable! Surviving the shut down of the mortgage lending industry and the impact of the economy on the real estate market, he has come out leaner but not meaner. He uses his experience, education, and empathy to coach individuals to be smarter with their real estate investments, small business strategies. Jason uses awareness of his business cycle to maximize time with his family, serving with the youth at church, and coaching T-ball—keeping the priorities of small business ownership in check. He is beyond proud of his growing and busy family of 4 and his bride, and business partner, of 20 years.

Description:

Due diligence can be the life saver that keeps your deal afloat or lets you know when to back out of seeming perfect deal. Jason Andrus instructs on this critical topic and teaches how to conduct a detailed investigation, including interviews and document collection. Develop your eye for details and apply common sense to every real estate investment. Understand the necessary steps during each of the three major components of due diligence: pre-offer, offer accepted and at closing. Nathan suggests checklists and worksheets to guide you through any size property transaction, from residential to commercial. Know the legal and government regulations, how they affect your deal and what you can do to protect your investment. Learn what environmental factors to consider and what paperwork to you need to collect or create. Ensure every deal you do is as safe and secure as possible so you can take control of your financial future.

  • 1

    Pre-Assessment

    Take this Pre-Assessment to check your knowledge base and see what you can learn about.

  • 2

    Introduction

    Meet Jason Andrus, an experienced real estate investor and home inspector. He has gone from student to instructor and is excited to share what he’s learned with you.

  • 3

    What is Due Diligence?

    Understand how to make educated decisions when buying properties, using these case studies, a checklist, the proper tests and the important steps of due diligence throughout the real estate transaction process.

  • Show all 20 segments

    • 4

      Establish Property Value

      Understand accurate property values to maximize profits in real estate, focusing on market research, determining the ARV, and building a professional network

    • 5

      History of the Property

      Learn the key factors to research about a property before purchasing it, such as the year it was built, tax history, neighborhood, and large-ticket items like HVAC systems and roofing, in order to make informed decisions and avoid potential problems.

    • 6

      Zillow and Realtor.com

      Our instructor demonstrates how to use Zillow and Realtor.com for real estate searches, comparing their features and discussing how they can be helpful tools for investors and homebuyers.

    • 7

      Know the Neighborhood

      Understand the importance of thoroughly researching a property's neighborhood by talking to neighbors, investigating local crime, driving by at different times, and researching nearby amenities and school districts.

    • 8

      Property Disclosures

      You can use property disclosures to gain detailed information about the condition and history of the property, ensuring transparency and allowing you to make informed decisions.

    • 9

      Home Inspections

      By hiring a qualified home inspector and knowing the necessary qualifications and procedures for thorough property inspections, inspection reports can be used for negotiating your real estate transactions.

    • 10

      Radon & Asbestos Inspections

      Jason emphasizes the importance of these tests, the reasons for them, the cost of mitigation, and the potential for unnecessary testing scams.

    • 11

      Lead, Water, Mold and Meth Inspections

      Learn the important considerations when dealing with asbestos, lead-based paint, septic systems, well-water inspections, and meth and mold tests when purchasing or flipping older homes.

    • 12

      Utilities & Insurance

      Understand potential risks such as polybutylene plumbing and knob and tube wiring, while also being proactively engaged with inspectors and insurance companies.

    • 13

      Closing Documents, Title and Survey

      Expand your knowledge of closing documentation, conducting preliminary title searches, and property surveys, particularly for properties with substantial land.

    • 14

      Taxes

      Know how and why to stay proactive in tax assessments of properties, preventing potential tax mistakes and identifying inaccurate increases in tax values.

    • 15

      Case Study #1 – Buy & Hold

      Jason shares his experience of purchasing, doing due diligence, and improving a property. He emphasizes the importance of negotiation, understanding zoning and compliance to increase its value.

    • 16

      Case Study #2 – Short Term Rental

      The instructor discloses a crucial lesson learned from attempting to purchase and convert a condo into a short-term rental without fully understanding the neighbors and the situation

    • 17

      Case study #3 – Fix & Flip

      This case study is a Fix and Flip condo that turned a profit using diligent research, understanding the unique attributes of the property, rehabbing to suit the needs of short-term rentals, and negotiating with the seller.

    • 18

      Case Study #4 and Checklist

      Jason purchases a commercial building that had repeatedly fallen out of contract due to zoning problems, electrical faults, and structural deficiencies, but with diligent research, he is able to turn a profit.

    • 19

      Online Resources, Q&A, and Final Thoughts

      Understand usage of boundary defining apps, due diligence in buying a property, as well as the importance of relationship building and self-education in real estate.

    • 20

      Post-Assessment

      Take this Post-Assessment to see how much you've learned and which parts you may need to watch again.

  • 20

    Post-Assessment

    Take this Post-Assessment to see how much you've learned and which parts you may need to watch again.