Page 142 - Trump University Commercial Real Estate 101

TRUMP UNIVERSITY COMMERCIAL REAL ESTATE 101

hoping you wouldn ’ t figure out the right numbers, but they ’ re willing

to renegotiate, now that you know the truth.

Physical Due Diligence

You will not do much of this phase at all. You must hire a certifi ed
property inspector, who in most cases will be a civil engineer. Yes, it
will cost you money, but it ’ s well worth the price. These are profes-
sionals who know what to look for, what can be overlooked and sal-
vaged, and what must be replaced.

Site Inspection

Do not attempt to save money by doing the site inspection yourself !
It ’ s not even a good idea with a single - family home, never mind a larger
commercial property. If your deal economics cannot support the price
to have professionals perform the due diligence, don ’ t do the deal.
Physical due diligence involves the following:

• Site inspection
• Site plans and specifi cations
• Survey
• Tool and supply inventory
• Appraisal
• Phase I/Phase II environmental inspections
• Pest inspection
• Site inspection

This is the backbone of your physical due diligence. The purpose
of the site inspection is to have your qualified engineer review all key

interior and exterior components of the property to ensure they are in
working order.
The inspector will check all of the structural components of the
property: roof, foundation, parking lot, load - bearing walls, and so on.

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