10+ Things to Inspect Before You Buy a Rental Property (Foundation to Roof)
Show Notes
How do you know if the property you’re buying is a cash-flowing investment or a money pit? Too many investors think they’re getting a great deal, so they rush the due diligence process, waive home inspections, and hastily close on properties without knowing what’s really lurking beneath the surface. Don’t let that be YOU!
Welcome back to the Real Estate Rookie podcast! Ellie Ridge was walking properties, scaling rooftops, and exploring crawl spaces with her contractor father at an early age. Now a top 1% real estate agent in the Bay Area, Ellie blends her deep home inspection knowledge and market expertise to educate home buyers on costly but avoidable mistakes. Today’s episode is just that—a crash course on what every rookie should watch for when walking a property, reading an inspection report, or doing their own due diligence.
Whether you’re flipping houses, investing in rental properties, or buying a primary residence, neglecting these line items could cost you thousands shortly after closing. But with Ellie’s tips and tricks, you’ll feel more confident when making offers, renovating, and maintaining your property!
In This Episode We Cover
10+ things that too many home buyers miss during the due diligence period
How to protect your property’s value with routine rental maintenance
What to expect when you receive a typical home inspection report
Estimating the age of your plumbing system (and whether it will need to be replaced)
Serious hazards to watch out for when inspecting an electrical panel
Why an aging roof isn’t as big of a deal as you probably think
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-696
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