Investing in residential rental property?
Protect yourself against illegal “flipping.”
When you’re considering investing in rental residential property, you’re making a smart choice. Real estate values have been climbing at the same time demand for homes has been increasing with supply’s of home on the market being low — an impressive combination.
Often, people that sell rental real estate buy a dilapidated property, put a lot of money and sweat equity into it to make it attractive to a buyer, and then reap the reward when the property is sold for a lot more than the original buyer paid for it. There’s nothing wrong with this; on the contrary, it makes more housing available at a time when it’s in demand. And as noted, it’s often a good investment choice for the eventual buyer.
But before you invest in real-estate rental property, you should obtain a professional home inspection, from an inspector with your interests in mind. Too often lately, homes are “flipped” for considerably more than they were recently paid for without any substantial improvements to justify the higher price. Let alone having those improvements tested to confirm their operability. You’d be the one left holding the bag — shouldn’t you have someone on your side making sure that the property you’re buying is indeed in good condition?
It’s easy to protect yourself. Hire a professional home inspector to ensure the property inspected and the home improvements are up to your standards. If you’re buying more than one property at a time from the same buyer, it’s even more important to have the house inspected by a professional Home Inspector working for you, instead of another party to the transaction. There are cost effective ways to protect you when home investing in many properties. With the expertise of a licensed home inspector, you should be able to buy your house with the confidence that everything is as represented by the seller.
It’s smart to always have a Home Inspection done before closing on a property. A home inspector will tell you if everything that is present in the structure is functioning properly at the home inspection, what repairs may need to still be done, and whether there are any safety issues with the property. R Eyes Home Inspectors will work as your advocate in the home transaction, with your interests in mind, R Eyes home Inspectors work for you.
As an real estate investor, you need and deserve to know. Protect your interests with the help of a Professional Home Inspector.
R Eyes Home Inspections
Phone: 940-390-4083 CALL OR TEXT