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Updated almost 12 years ago,
Best way to inspect potential properties.
I am getting ready to make my first investment purchase. I came up with a list of 6 properties that will produce what I consider adequate cash flow. I dont have anything on my list that needs major rehab work (that I know of) - only things like carpet/drywall/paint/cosmetic issues. My goal is to keep rehab costs under 8K ball park - if it needs more then that I dont want to bother.
With limited rehab knowledge - what is the best way to go about inspecting these properties. I have a good home inspector that I used a couple times that only charges $250. Should I be using a home inspector or should I bring a contractor with me....or both?
What is the best way to narrow this list down without having 8 home inspections done.
Thanks!