The Good, The Bad and The Ugly
Mike Statler, 1st Priority Inspection
September 17, 2016 || 11:00 am- 2:00 pm
Would you like another price negotiating tool in your real estate investing tool belt?
Would you like an itemized report of items that need to be addressed before you buy your next investment property?
Then join us for anther one-of-a-kind DallasREIG Saturday Event…
Are home inspections really necessary?
It Depends…Probably not the answer you were looking for?
What does depend on; the experience of the investor and/or the investors risk tolerance.
Most real estate investors get pretty good at assessing the condition of properties over time. This process is a lot tougher for those folks just starting out.
Knowing the rehab numbers is essential to your success with any investment property regardless of your exit strategy.
The worst thing a new investor can do is, underestimate what it's going to cost to flip a property.
Spending a couple hundred dollars on the front end can save you thousands down the road in some instances.Home inspectors cannot give repair estimates, but they can give you a list of the defects in the home. They are trained to find problems that may not be obvious to the untrained eye, and they can also let you know the seriousness of those items found during the inspection.
This is invaluable when buying an investment property whether for buy and hold or buy and flip. The inspection report can also be used as a bargaining tool. Seller will sometimes give concession for items that may not have been obvious when you first see the property.
As we learned at this past weekend's Real World Event….if you don't know what you're doing, the best thing you can do is team up with someone who does… This week's experience team member is Mike Statler.
He will be covering the following…
- Inspector TREC information – Who you DON’T want looking at your properties. Specific things to look for in an inspector.
- DON’T MISS THIS – New equipment – Is this technology good for you? It’s very costly to you
- Hot Topics – New Insurance and TREC requirements can cause investors headaches. Nip it before you put your home on the market.
- Inspection Findings – Hidden in plain sight, unknowns that can and will kill the deal.
- The worst homes ever Funny, ingenious and OMG items of interest that will open your eyes to the inspection world.
When you’re buying a property there are so many unknowns, it can literally stop you from pulling the trigger (buying). Gain some peace of mind by using a excellent home inspector, like Mike Statler.
Although a home inspection can’t eliminate you're risk in buying a property, it can reduce your risk.
If you’re new to real estate investing and would like help evaluating the unknowns or if you would like to add an invaluable member to your real estate investing team….
See You There!
Dallas-REIG Home Team