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Warning - Risks of Missed Inspection Issues When Investing in Real Estate
Manage episode 439767699 series 3467344
Innhold levert av Real Estate Financial Planner LLC and James Orr and James Orr. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Real Estate Financial Planner LLC and James Orr and James Orr eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
There's a risk to just about everything in life... including investing in real estate.
One risk that some real estate investors fear is the risk of buying a property having missed important, expensive issues with the property during the inspection period.
In this class, James will discuss the risk of investing in real estate and specficially the risks associated with missing things on inspection.
Topics covered in this class include:
- The 3 primary ways to limit your exposure during the inspection period when buying a property
- How to hire a quality home inspector
- What your typical recourse is on a home inspector missing something on an inspection
- One little thing you can and should do on every property purchase—especially for new real estate investors
- When a home inspector is not enough and what to do about it
- The one thing most real estate investors—especially experienced investors forget to do—that could save them money and headaches later related to the inspection report
- A special tip if you negotiate a seller to complete repairs based on what you find during your inspection that could prevent a catastrophe
- A list of the most common inspection issues you’re likely to run into if you buy enough properties
- A secret about seller property disclosures that few people—even real estate professionals—know about that could prevent you from making a very costly mistake
- How to use your inspection and seller property disclosures to better plan for your capital expenses combined with the downloadable CapEx Estimator for Rental Property - Basic and the CapEx Estimator for Rental Property - Advanced
- Why you should always walk the property right before closing
- And what can you do if you missed something on inspection?
- Plus much more...
Looking to buy or sell property in Lincoln, NE? Call Jake Grenemeier of Clover Real Estate Services with Next Home Integrity at (402) 302-0088. Or, check out his website at www.Clover.RealEstate or email him at Jake@Clover.RealEstate. Jake specializes in helping real estate investors in and around Lincoln.
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