What to look for Doing investment Property Walk through

[Charlie Moore]

- When Going to Check Out A Property you want to offer on, what are some things to look out for during the walk thru??!?

[Aidan Mulligan]

@Charlie Moore 

• Pay attention to the layout of the house. Layouts are sometimes hard to change and can cost a lot of money. If it is very closed off with a lot of walls and hallways it might not be great. 
• Cassi suggested foundation issues which is a good one. You can spot this if the walls aren't vertical, the floors aren't flat, or there are cracks larger than a quarter coin in the walls or foundation. Open and close all the doors. If they don't close easily or get caught on the frame you might have a bad foundation OR just bad framing. 
• Look at the electrical panel and see what amperage it is. It should be labeled, if it isn't then that's a bad sign. If it is under 100 amps you might need to upgrade it.
• Try and see how old the water heater is, it should have a serial number on it that you can search.
• Ask to see if the realtor or owner knows the last time the electrical, mechanical, plumbing, or roof were maintained, upgraded, or repaired
• The insurance company will want to know if it is on well or city water, septic or city sewer, closest fire hydrant and fire station, if it has smoke detectors and/or carbon monoxide detectors, what kind of siding it is, if the heating is electrical or gas.