1.What is the process to scout properties

Question

Accepted Answer

The process to scout properties involves researching potential locations, analyzing market trends, and conducting site visits.

Research potential locations based on target market and competition
Analyze market trends to determine demand and potential profitability
Conduct site visits to assess the property's condition and suitability for the intended use
Negotiate with property owners or agents to secure the best deal
Perform due diligence to ensure legal and regulatory compliance
Collaborate with other departments such as legal and finance to finalize the acquisition process

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