HTRM #055 - Red Wine Chronicles part 2 - Due Diligence: What is it and how to use it in 7 steps
Welcome to the second in the Red Wine Chronicles series. This time Ray and Nigel talk through something that everyone talks about as if they are experts and yet so many either don't understand what it is or they don't know what or how to do it!! It is Due Diligence. Listen to 7 simple steps to help stop you taking a metaphorical bath on your next deal. The steps are: 1. Credit History 2. Land Registry and who owns what 3. Drip Feed the money 4. Ask 3 previous investors 5. View the property 6. the 1st charge 7. Do the numbers add up. And there is also a potential rival sponsor to CREST toothpaste as Ray makes a case for being sponsored by Naked Wines!!