Due Diligence and Exit Strategies
Brian Petersen November 1, 2020
You’re almost done with the third module!
At this point, you’re understanding quite a bit about tax lien and deed investing. Let’s make sure that you understand some of the foundation of arguably the most important principles: due diligence and exit strategies.
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- Question 1 of 20
1. Question
Determining the current and after-repair values of a property that you will acquire are crucial when performing due diligence on a potential investment.
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2. Question
The real value of a property is determined by…
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3. Question
The natural tendency for an investor is to…
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4. Question
The natural tendency for an investor is to…
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5. Question
Which property valuation formula is the most common?
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6. Question
The Comparable Market Formula is calculated by examining…
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7. Question
A helpful acronym when evaluating a property is the following:
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8. Question
These two websites are the most used by tax lien and deed investors for due diligence.
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9. Question
What is the most common and dangerous risk to avoid?
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10. Question
It’s fairly common and dangerous to become emotionally attached to a property or potential return when investing.
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11. Question
Tax lien investing is a very safe investment strategy; however, there are risks and those risks can be avoided or reduced by doing the following:
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12. Question
Investing with the “end in mind,” or having a viable exit strategy in mind, when performing due diligence is pretty darn important…
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13. Question
When performing due diligence, an investor should gather which of the following data points before deciding which exit strategy could work?
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14. Question
What is the most common exit strategy for tax lien investors?
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15. Question
There is potential to make more money by fixing and selling/renting; however, those strategies require experience or detailed guidance from someone with real experience.
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16. Question
Foreclosure only becomes a possibility after the redemption period has expired.
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17. Question
This foreclosure method is handled through the traditional court system.
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18. Question
In states using an administrative foreclosure system, the foreclosure is primarily assisted by whom?
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19. Question
It is crucial that every step of the foreclosure process be meticulously followed.
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20. Question
After foreclosing on a tax deed through the county, it may be wise to file Quiet Title.
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