Diligence
Diligence is an investigation of the property by the Buyer prior to committing to the purchase. Diligence on an Investment property may include: reviewing the lease and tenant information, checking title, reviewing an inspection to determine the condition of the property, changing various underwriting assumptions, reviewing valuation estimates, researching the local real estate market and the neighborhood.
If after learning a bit more about Diligence you are curious to see how your current Investment Portfolio would benefit from performing a 1031, then I recommend signing up to receive a FREE 1031 Sizing from Conatus.
This sizing gives you info about the value of replacement properties you need to purchase and the amount of related debt on this purchase to fully defer your capital gains associated tax liability.
As an added benefit you will receive a comparison of your current income vs potential replacement property income that includes an assessment of income tax benefit between the
two.
The Conatus 1031 Sizing is your blueprint for how to maximize cash flow from trading your equity for a multiple on income.
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