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Updated over 9 years ago on . Most recent reply

User Stats

297
Posts
87
Votes
Carrie Giordano
  • Investor
  • Marina Del Rey, CA
87
Votes |
297
Posts

How do you factor inspection costs of unbought homes?

Carrie Giordano
  • Investor
  • Marina Del Rey, CA
Posted

Hello,

How do you factor inspection costs on unbought homes. I've backed out of two deals this year when the inspections showed too many unknown issues. I pay for it out of my "real estate reserves" so do I count that $710 against my other property's profits. Just curious how more experienced investors handle this cost of doing business.  Also, would you say $355 an inspection is a fair going rate? 

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