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Updated almost 4 years ago on . Most recent reply

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Cody Brown
  • Investor
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10-Unit Multi-Family Inspection

Cody Brown
  • Investor
Posted

I'm current under contract for 10-unit property, my first over 4 units.  I've gotten offers from inspection companies to only inspect a select quantity of units.  Thoughts on this vs having all 10 units inspected?   If you've pursued either route would you have recommendations? 

It's (2) 3-unit buildings and (1) 4-unit buildings with metal roofs and slab foundations.   Some have had remodels recently but it's mixed throughout. 

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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
Replied

For only 10 units I would have them all inspected and I would accompany the inspector. I would also demand to see ALL the paperwork associated or no deal. Get estoppel certs signed and get all moneys at closing-deposits and advance rents if any. One lousy freeloader can ruin your return so don't compromise. 

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