Spending money on homes inspections?

[Account Closed]

So lets say i get a deal that costs 200,000 but i got it for 180,000 under contract right?

Then i do my due diligence. And i pay 2,000 for an inspection. And i find out there were 15,000 in repairs. So it means my real profit is 5,000 so i cancel the contract and i lost 2,000?

What if it happens again? Will i be losing thousands of dollars for every deal i dont want?

[Bill B.]

If you think home inspections cost more than $500, you’re probably new enough that you should get one, but don’t spend more than $500, maybe closer to $350 unless they are testing for radon as well. 

I don’t bother in Vegas where houses are relatively new, good weather,  and don’t have basements. I do in MN with older houses and basements, and freeze/thaw weather.