Guide/Cheat Sheet - Home Purchase possible repairs and red flags

[Gil Pang]

Hi all,

i'm looking to start my buy and hold strategy on multis.  as i am starting off , i need to build a solid foundation so i don't get taken out of the investing game early.  i know buying a home isn't just putting down 20% and signing contract of sales.  

Prior to buying a home, i know i need to look at certain things on a house that can be potential cash flow killers or eat into my ROI.

Examples: Roof, Electrical, Heating, Water.  (i'd assume those are the main core issue that can really screw me over if i didn't do my due diligence prior to purchase)

does anybody have a more in depth guide or a cheat sheet for the walk through?  im hoping my home inspector will help me look at it and point it out ... but i'd like to have this knowledge myself as this is my investment, not theirs.  

thanks in advance!

[Mindy Jensen]

@Gil Pang , there are two ways to tag someone. They must have either already commented in the thread, or you must be colleagues with them.

I created a 48-point DIY Home Inspection Checklist for a pre-inspection of a home. This is in NO WAY meant to replace a home inspection, and you should absolutely plan on getting a professional home inspection on any property you intend to buy, after the offer has been accepted.

This checklist is meant to get you from "I like this house" to "Let's make an offer."