Wholesale Deal Due Diligence

DEAL MATH - CONFIRM BEFORE MAKING OFFER
[ ] Pull 3-5 recent sold comps - within 1 mile radius and last 6 months
[ ] Calculate ARV from comps - use average price per square foot
[ ] Verify your repair estimate with contractor - detailed walkthrough completed
[ ] Calculate MAO (ARV x 70% minus repairs) - confirms deal profitability
[ ] Confirm assignment fee leaves buyer adequate profit - end buyer analysis
[ ] Verify after-repair value is realistic - not inflated from market
PROPERTY CONDITION QUICK CHECK
[ ] Foundation assessment - major cracks, bowing, settling issues
[ ] Roof condition - age, missing shingles, active leaks
[ ] Electrical system - fuse box or modern breaker panel
[ ] Knob and tube wiring present - costly wire replacement likely
[ ] Plumbing type - copper, PVC, or old galvanized pipes
[ ] HVAC present and functional - or complete replacement needed
[ ] Mold and water damage - smell test and visual inspection
[ ] Structural issues - sagging floors, bowing walls, ceiling issues
TITLE & LIENS RESEARCH
[ ] Preliminary title search or county deed search - ownership verified

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