Commercial Real Estate FAQ With Brian Burke On MultiFamily Apartment Building Investments

What Is A Typical Timeline For Multi Family Investment Due Diligence?

The following Q&A was completed as part of our conversational Commercial Real Estate FAQ Interview Series, we hope you find it helpful.

Your due diligence timeline may vary when investing in multi-family properties. Typically, you’ll make an offer with a 30 day due diligence period so you have just enough time to conduct all of the components of due diligence you need. At an absolute minimum, you may have a 21 day period, and in some instances you’ll be just under 30 to keep your offer competitive for your investment. 

Richard Wilson: What is a typical timeline for multi-family investment due diligence? 

Brian Burke: The timeline varies by property to a certain degree. Typically when you’re making an offer you’re going to make that offer with a 30 day due diligence period. That 30 day due diligence period is going to give you time to conduct a variety of components of due diligence. 21 days is probably about the absolute minimum. We just entered in on a contract on a property here last week and we had a 25 day due diligence which was a good compromise between 21 and 30 and we knew we had to be competitive but we also wanted to make sure we had enough time. 

Richard: Right, right, okay. 

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Richard Wilson

Richard Wilson

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