The mhp im after - Posted by dave

Posted by Tony Colella on May 08, 2007 at 08:28:13:

DD likely stands for Due Diligence which in essence means doing the homework necessary to ensure that you can operate the property the way you want to, making sure to get the true, accurate income and expense figures (seller’s never give you the real numbers), making sure the infrastructure is sound and that the zoning etc. will allow you do to the kind of uprgades you want.

It is basically CYA (Covering Your ASSets) in advance of buying the property so there are no suprises that hurt you.

Hope this helps.


The mhp im after - Posted by dave

Posted by dave on May 07, 2007 at 23:18:45:

Thanks for the quick response well 2k ,5k whatever it costs to have my deal checked out im sure worth its weight in gold.
Next question is anyone have a number of a DD that is qualified? Also what does DD stand for lol. sorry about my
lack of knowledge. I can run a bob cat do plumbing work or lay electrical or just about any type of construction thats residential but im not very good at online abreviations.
Again thanks for the quick response. Sincerely, Dave