Indianapolis Property Inspections

[Bryan Ghorbani]

Hi All,

As I'm out here making offers and ordering inspection reports for buy and hold strategy, investing for cash flow, what are some deal breakers in the inspection report. What types of things would you walk away from a deal over? What is your tolerance level? My first property would likely be held for 3 years max if that helps paint a picture of how long the glue needs to stay together ;)

I'm asking because the inspectors job is to point out EVERYTHING. For example, the cover panel to the electrical has the wrong screw type and it's listed as a safety hazard. How do you make an assessment of your own after reading the report?

Your help is already appreciated!

Cheers,

Bryan

[Alain Perez-Majul]

It all comes down to the numbers, in my opinion. The numbers, and your comfort level. What I mean by this is, that if you know you need to be all in at 80k for a house to pass your criteria, it doesn't matter if it needs 50k in work if you pick it up for 30k, or if it needs 5k in work and you pick it up for 75k. Again, would boil down to your comfort level, and of course, your means of financing.

However, what I found interesting is your 3 year holding period. Why so short?