Is an Inspection Really Necessary
One question that seems to be commonly asked among those who are
interested in real estate investment, particularly in flipping properties,
is whether or not a real estate inspection is really necessary. The long
and short answer to that question is absolutely and I will do my best to
explain exactly why this is so.
First of all, a real estate inspection is the act of having a qualified
(and in many states, licensed) professional take a look around the
property you are considering and informing you of obvious and potential
damage or problems with the property. This is not something you want your
uncle Bob doing, unless of course, good old uncle Bob has had the training
and experience to know what to look for in an inspection and know what
those things could mean.
Many who are planning to flip properties enter into the situation
(particularly first time flippers) with the attitude that they know there
are problems with the property and that is why they are ...