1. Verify existence:
As a real estate investor, one cardinal rule you must never ignore is conducting due diligence. Take your time to investigate and understand the deal you are getting yourself into. Make sure that the property you are being sold exists both on paper and on the ground. A valuer, an estate agent or a surveyor should help you to positively identify the property through the use of relevant documents such as survey/deed plans and registry index maps.
2. Establish ownership:
Even if the property exists, establish who the true owner is through an official search. An official search will show the name and address of the owner and a note of any inhibition, caution or restriction affecting his right of disposition. These restrictions or cautions are usually referred to as caveats. Read more