Subject-To Real Estate Due Diligence Checklist
Property Documentation
- Current deed with all amendments
- Property tax records & payment history
- Home insurance policy & claims history
- HOA documents (if applicable)
- Survey or plot plan
- Certificate of occupancy
- Building permits & violations history
- Previous inspection reports
- Utility bills for last 12 months
Mortgage Verification
- Current mortgage statement
- Payment history (last 24 months)
- Loan terms & conditions
- Interest rate & type (fixed/adjustable)
- Current principal balance
- Monthly payment amount (P&I)
- Escrow details (taxes & insurance)
- Second mortgage info (if applicable)
- Due-on-sale clause verification
- Mortgage insurance requirements
Title Research
- Current title report
- Outstanding liens or judgments
- Easements & encroachments
- Property restrictions
- Zoning compliance
- Chain of title review
- Previous title issues
- Pending legal actions
- Environmental concerns
- Mineral rights status
Seller Verification
- Proof of ownership
- Government-issued ID
- Bankruptcy history
- Tax liens
- Divorce proceedings (if applicable)
- Power of attorney (if needed)
- Employment status
- Current address
- Contact information
- Reason for selling
Property Condition
- Professional inspection report
- Roof condition & age
- HVAC system condition & age
- Electrical system
- Plumbing system
- Foundation status
- Pest inspection
- Mold assessment
- Lead paint test (if pre-1978)
- Asbestos check (if applicable)
- Major systems maintenance history
Financial Analysis
- Current market value
- Comparable sales analysis
- Rental market analysis
- Property tax assessment
- Insurance quotes
- Utility costs
- Maintenance reserves needed
- Potential repair costs
- Cash flow projections
- Exit strategy analysis
Legal Requirements
- Purchase agreement
- Subject-To addendum
- Seller disclosures
- Insurance transfer documents
- Bill of sale
- State-specific forms
- Local transfer requirements
- Recording fees
- Attorney review (recommended)
- Closing document preparation
Risk Assessment
- Market condition analysis
- Neighborhood trends
- Future development plans
- Crime statistics
- Flood zone status
- Natural disaster risks
- Environmental hazards
- Title insurance availability
- Insurance coverage adequacy
- Backup financing options
Property Management Plan
- Rental strategy (if applicable)
- Property manager selection
- Maintenance contractor list
- Emergency contact protocol
- Tenant screening criteria
- Lease agreement template
- Security deposit handling
- Rent collection process
- Maintenance request system
- Accounting system setup
Exit Strategy Documentation
- Refinancing options
- Sale scenarios
- Market timing analysis
- Profit projections
- Tax implications
- Cost of sale estimates
- Timeline considerations
- Alternative exit plans
- Buyer qualification criteria
- Marketing strategy
Important Contacts
- Title company
- Insurance agent
- Real estate attorney
- Property inspector
- Mortgage servicer
- Property manager
- Contractors
- Tax advisor
- Real estate agent
- Closing agent
Follow-up System
- Payment tracking method
- Insurance renewal dates
- Tax payment schedule
- Maintenance calendar
- Inspection schedule
- Document storage system
- Contact update protocol
- Compliance review dates
- Financial review schedule
- Exit strategy timeline
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- Editable version of this checklist
- Document templates
- Deal analyzer spreadsheet
- Video training [Link to offer]**
Remember: This checklist is a general guide. Specific deals may require additional due diligence items based on location, property type, and unique circumstances.
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