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Due Diligence - 9 things to look at if you are buying an apartment complex


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Lawyers came up with the term due diligence which can often mean different things to different people. My friend Richard Montgomery, a veteran multihousing investor, came up with 9 great ideas many of you may not have thought of as due diligence in buying an apartment complex - so take a look at his post here and see what you think? My favorite is No. 9 - a real "out of the box" way to check out the tenants. 

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"Visit the neighborhood bar near the apartments and introduce yourself to the bar tender"
What a great idea....the guy probably knows more than you even care to discuss.  Just tip well to keep the good tips coming.

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