The first thing you do when you start your physical and legal due diligence is to hire a competent attorney to do the title work. The attorney will check that what you think you’re buying is in fact what you’re buying. He or she will review the legal description, previous owners, how the property was transferred previously, easements, and mineral rights. You’ll then receive a report. Either the deal is clean or it may have some issues that need to be resolved prior to closing. A good attorney will make sure that all issues are resolved before the closing. That way, when you resell the property, you won’t have any issues and you can collect your profit.
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- (no access) - [David_Lindahl]_Multi-Family_Millions_How_Anyone_(b-ok.org).pdf, p55
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