Financial investigation

When it comes to the financial part of due diligence, hire an accountant who has real estate investment experience. Accountants aren’t all created equal. Qualify your accountant by verifying that he or she has commercial real estate accounting experience, not just single-family residence accounting experience or general business experience. In some cases, the investment you’re considering may be one of your largest. Would you trust the advice of an accountant with little experience in one of your largest financial endeavors ever? By far, the best way to find a qualified accountant is by referral. Call on one of your investment buddies and check out who they’re using. And again, make sure that referral has commercial real estate accounting experience.