What did you actually spend on due diligence?
redactedI’m budgeting for my first deal and trying to get a realistic sense of how much cash I should set aside for diligence.
From what I’ve gathered, a lean process might run ~$20–30k, while a more comprehensive one could be $40–60k+, not counting SBA fees that get financed.
Would anyone here be willing to share what you actually spent (out of pocket) on:
Quality of Earnings / CPA review
Legal (APA, leases, contracts, etc.)
Environmental (if RE included)
Industry consultants / ops experts
Misc. fees (bank packaging, insurance, background checks)
Also curious if there were any surprise expenses you didn’t see coming, or areas where you wish you had budgeted more.