Did you know that there are a lot of houses in San Bernardino County that have their own septic tank? I had no idea until I heard of a fellow investor that purchased, rehabbed, and tried to sell a property in Rialto at a nice little profit. However the appraiser mentioned there was a septic tank on the property and it must be inspected. SURPRISE, SURPRISE.
Unfortunately the septic inspection failed and this investor now has to face a big expense that will have a devasting affect on the bottom line.
Even with the best real estate investment training and coaches, we can't predict everything that can happen with a property. As new investors, it may be well worth the little extra money to spring for a home inspection - even when the bank refuses to allow you that time.
Even with the best real estate investment training and coaches, we can't predict everything that can happen with a property. As new investors, it may be well worth the little extra money to spring for a home inspection - even when the bank refuses to allow you that time.
I finished reading The Real Book of Real Estate: Real Experts. Real Stories. Real Life.
by Robert T. Kiyosaki and totally enjoyed hearing real estate investors discuss their experiences and their expertise. I highly recommend adding this to your collection.
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