Property Research & Due Diligence Service

Conduct property research and due diligence for investors and buyers

Startup Cost
$3,000-$10,000
Difficulty
Intermediate
Time to Profit
4-8 months
Profit Potential
$40,000-$80,000/year

Overview

Property research services conduct detailed research and due diligence on properties for investors, buyers, or other real estate professionals.

You research property history and ownership, title research, lien searches, zoning and land use research, permit history, environmental concerns, market comparables and valuations, neighborhood analysis, and create comprehensive due diligence reports.

Success requires real estate research skills, understanding due diligence needs, access to property databases and tools, attention to detail and thoroughness, and report writing abilities.

Pricing includes per-property research fees ($100-500 depending on depth), hourly consulting ($50-150), package pricing for investors with multiple properties, specific research tasks (title search, zoning, etc.), or retainers for ongoing research support.

Startup costs include research tool subscriptions (county records access, title search, property data, $100-400 monthly), business formation, computer and software, training on property research, marketing to investors and agents, report templates, and potentially E&O insurance totaling $2,000-8,000.

Building client base involves marketing to real estate investors (especially out of state), wholesalers needing quick research, buyers in due diligence period, real estate attorneys and title companies, potentially agents helping buyers, targeting markets with out-of-state investors, offering specific research à la carte, and demonstrating thoroughness and accuracy.

Revenue comes from per-property fees, package pricing for multiple properties, hourly research and consultation, retainers from active investors, potentially teaching research techniques, or combining with other services.

Operating costs include research tools and database subscriptions, continuing education on laws and regulations, insurance, marketing, computer and software, and research time.

Challenges include tools and access can be expensive, liability if missing critical issues, competitive with title companies and attorneys for some research, need volume for full-time income, and staying current on regulations and data sources.

Success requires extremely thorough and accurate research, understanding what investors need to know, fast turnaround on research, access to good data sources and tools, potentially specializing in specific research types (liens, zoning, etc.) or property types, clear comprehensive reports, and building trust with investors who rely on your research.

Property research serves investors and buyers needing thorough due diligence.

Required Skills

  • Property Research
  • Due Diligence
  • Database Access
  • Report Writing
  • Attention to Detail

Pros and Cons

Pros

  • Work from home
  • Growing investor market
  • Can specialize in research types
  • Scalable with systems
  • Serve out-of-state investors

Cons

  • Research tools expensive
  • Liability if missing issues
  • Need volume for good income
  • Competition from title companies
  • Staying current on data sources

How to Get Started

  1. Learn property research and due diligence
  2. Subscribe to research tools and databases
  3. Create research process and templates
  4. Market to real estate investors
  5. Offer specific research services
  6. Provide thorough accurate reports
  7. Build reputation for quality research
  8. Consider specializing in research types

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