Top Due Diligence Oversights in Real Estate Transactions

National Business Institute

Overlooking issues during the due diligence process can cost you time, negotiation leverage and it opens the door to expensive surprises after closing. The numerous areas of inquiry - combined with limited timeframes and pressure to cut corners - means that mistakes are easy to make. Is your due diligence comprehensive? This guide will explore the top due diligence oversights so you can effectively avoid them in your practice. Prevent bad deals and ensure a smooth transaction - order today!
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Spotlight

Ready to buy a home? Use these tips to make sure you have all your ducks in a row.

OTHER ON-DEMAND WEBINARS

Advanced Real Estate Finance

NAIOP

The Advanced Real Estate Finance course will provide the intermediate to senior level real estate professional with techniques used to analyze, finance and structure real estate transactions. It was designed to provide a decision-making framework that offers attendees an intuitive understanding of real estate finance and investment and provides the ability to analyze a broad range of real estate problems and decisions.
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Opportunity Zone Deals, Separating Facts From Fiction

KBKG

Opportunity Zone Deals, Separating Facts From Fiction: An Interactive Discussion with Thought Leaders in the Opportunity Zone World, discussing the real estate, tax, and fund structuring considerations to get deals funded and closed in today’s marketplace.
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Kathy Fettke's 2019 Real Estate Market Predictions

Real Wealth Network, LLC

In this webinar you’ll learn: - Best performing real estate markets for buy & hold rental property in 2019 - Where rents are rising the fastest - How rising interests rates will affect your 2019 investment
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Advising HOA Boards After Surfside: Inspection, Review, Maintenance and Repairs

The aftermath of the Surfside condominium collapse is one of the most unspeakable tragedies in condominium history. As investigators continue to search for the cause or causes of the collapse, it is natural to search for solutions on how future building collapses or other disasters can be prevented. It is unlikely that there will be a "single" identifiable cause of the condominium collapse. Rather, the collapse was likely caused by a multitude of factors. Counsel for HOAs should consider reviewing policies and actions of the condominium association's board of directors. Most states provide various protections for volunteer directors of a nonprofit corporation and only require that a director must discharge their duties in good faith, with the care of an ordinarily prudent person, and in a manner that they believe is in the best interests of the corporation. Directors should ensure that their articles of incorporation and condominium bylaws are updated so volunteer directors are appropriately protected from liability. Similarly, volunteer board members should consult with insurance agents to ensure that appropriate directors' and officers' insurance is in place. Boards will want to examine inspection and engineering reports and communicate those findings to co-owners to determine the advisability of proceeding with repairs. Counsel should advise condominium board members to act on the advice that is received. Boards need to budget properly and realize that sometimes difficult choices need to be made, which may involve assessment increases that will not be popular with co-owners. Some condominium documents require the condominium association to perform an annual inspection of the major common elements. While hiring professionals to perform inspections costs money, amending your condominium bylaws to require mandatory inspections may not be a bad idea. Similarly, while reserve studies are a best practice, there is nothing preventing a condominium association from amending their condominium bylaws to require that reserve studies or structural engineering inspections be performed on a regular basis. While condominium and homeowner association acts may not impose minimum insurance requirements, boards should consider reviewing coverage and increasing limits based on current risks. Listen as our expert panel discusses best practices when advising boards on repairs, inspections, and engineering recommendations for condominiums in order to avoid future disasters.
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