How to do Inspections on real estate and Why

 

This video is an update video that we are doing on a recent property. We’ve actually finished this one. But the owners are updated on a weekly basis. But before all this happens, you have to have a third-party to inspect the property.I see people trying to show people how to look at properties, but all you need to do is look at the numbers on the properties and see if the properties are in decent shape . What do you do when you have a property under contract? You hired a license inspector to go out and check the property. Again it’s not good for someone who’s trying to sell you a property to do the inspection because that could be very biased. They are making profit!I see this a lot with wholesalers and people trying to get partners in real estate. Make sure and get a licensed inspector out there to get a list of things that needs to be done and be added to that rehab, they and licensed. Important items then can be listed on the rehab cost. In this property it needed a new roof and that was brought up on the inspection report. I looked at the roof and thought it had a little time left, but the inspector recommended that it be replaced so that’s what we did.Other items were brought to our attention by the inspection report for electrical and other minor issues. We also had to take care of the driveway and garage on this property too, but that was seen before and after the inspection. So looking at a property and trying to understand all the repairs and fix up is really an art and you need to do many many properties. I’ve personally rehabbed over 2000 properties and understand what needs to be done. But I can’t always catch everything. That’s why I have a license inspector go out and check the property for my client. That gives me a third-party that knows what they’re doing, opinion of the property and what needs to be repaired.Trying to reinvent the wheel investment real estate is really not always the best way to go. Having someone on your team that’s been doing it for many years and understands the pitfalls and the ups and downs of it. All is another reason why if you’re looking for a real estate advisor.I’ve been in business for a very long time and I’ve done 1200+ properties purchase wise and understand what needs to be done. If you can find somebody who has done more, I’d be shocked .The last part of it is they need to be successful. What are they doing? Do they have numbers you can expect on a property? You can sit around and have a good meeting with other investors and everything looks great. But do they show the actual results after they are finished? I do!The key to everything is staying with System that actually works. Don’t try to reinvent it. See a lot of people trying to do that and believe me it’s been tried already and failed.Need experience with the résumé? Call me 216-703-5740 or WhatsApp me.I’m Brett with Key Realty and Property ManagementPlease go to https://realincomeproperties.blogspot.com/ for all the results