In this week’s episode, Hilary and Bob discuss when due diligence goes wrong. They share case studies where due diligence went wrong and unpack the importance of thorough due diligence in property development. So join us in this week’s episode where you will learn from one of the most experienced property developers, helping you avoid costly mistakes!
Resources:
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More Episode Info:
Due diligence is a crucial step in any property investment or development process. It involves thoroughly researching and analysing all aspects of a potential development to ensure that it is a sound and profitable opportunity. Before diving into property development it is extremely important to know the significance of due diligence and the consequences that can occur when it goes wrong.
There are several key points for thorough due diligence to avoid potential pitfalls and risks. This includes researching the property market, conducting property inspections, reviewing financial documents, and assessing potential risks and challenges. By taking the time to thoroughly investigate all aspects of a potential investment, investors and developers can make informed decisions and mitigate potential risks.
Episode Highlights:
- Explanation of Due Diligence [05:03]
- Case Study: Mining Subsidence [07:00]
- Case Study: Real Estate Agent and Flooding [10:55]
- Importance of Checking Zoning [15:02]
- Case Study: Stormwater Issues in Large Developments [21:02]
- Case Study: Competitor’s Due Diligence Failure [25:29]
- Lessons from Due Diligence Case Studies [27:06]
- Importance of Feasibility for Financing [31:14]
- Conclusion and Final Thoughts on Due Diligence [33:03]
