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investor: Pride in Our Work - 12/15/11 04:30 PM
Now that we are back doing some rehabing for our out-of-state investors I have become more critical about the condition of the rehabs I inspect.
When a rehab is complete it should look complete. Anyone that presents their work for sale (all of ours are rentals) should be proud to walk any prospective buyer through the property. I don't understand the lack of pride in the completed work.
The homes in these pictures all had offers and I was doing the Home Inspection for the prospective buyer.
The blue line isn't decorative, it is painters tape.
If your … (3 comments)
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investor: As I Prepare to Make the Leap, Again Part 2. - 07/02/11 03:01 PM
In keeping with the way I normally look for homes to rehab, this morning I went cruising neighborhoods where several homes were listed. This is the first step and several factors come into play in the choice of the property.
1. Is the neighborhood viable. This means that, although depressed it isn't beyond recovery. People still will want to live there. Many times you can find homes that are priced right (in your price range), but the area will not support a home being repaired/rehabbed. Simply try not to have the most expensive house on the block … (6 comments)
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investor: Special Homes. A Uniquely Different House. - 07/03/10 06:30 PM
I've had my share of interesting homes lately. They just seem to get better as time goes on. I had one yesterday that seemed to a typical special home. The house was 91 years old and of structural brick. That in itself makes it different considering when it was constructed.
As I walked around the building I did notice more and more that peaked my interest. Its no secret that I love old homes and I am fascinated with the history of building in the US, but this one really got to me. It is within yards of a neighborhood … (8 comments)
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investor: There might be a leak. - 04/16/10 12:57 PM
"What leak" the realtor said. "The one from the bathroom tub faucet", I responded. "It isn't a really a big deal". I continued. "Looks like just a little TLC from a qualified plumber will take care of it", starting to get irritated. The rest of the conversation was about the same. This was a bank owned property that had some major problems that the investor/buyer knew she was going to have to repair (roof, water heater, and drywall), but the sellers realtor was focused on probably the least expensive repair there.
Of course, the buyer wanted the seller to pay for … (10 comments)
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investor: Turning a Nice House Into a Piece of Trash - 04/05/09 02:18 PM
This was my Friday inspection. When I pulled into the drive I was surprised by the general good looks of the house. Since I knew that this was a foreclosure I wondered why it was still in such good shape. Maybe since it was out in the country 3 miles from the nearest small town kept it from the normal destruction.
I did my normal walk around the house, snapping pictures as I went, I noted normal stuff like the roof needed work and eaves needed scraped and painted. It sat on 4+ acres out in the country with 2 reasonably … (21 comments)
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investor: What kind of pre-purchase inspection best suits an investor? - 06/18/08 09:23 PM
I've been doing Pre-Purchase inspections for 30 years, but when I started doing them for others (4 years ago) I wanted to get a read on what would benefit investors the most. Using my usual customers I put together a survey, of sorts, asking a few quick questions to compile a list of helpful services. It was important to obtain information they could make definite use of in the process of making their decision.
In most cases, an experienced investor doesn't need a standard whole house inspection. What they do need, before making an offer on an apartment building or … (5 comments)
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Jack Gilleland
Clayton,
OH
More about me…
Home Inspection and Investor Services, Clayton
Address: 6648 Portrait Drive, 6648 Portrait Drive, Dayton
Office Phone: (937) 270-2144
Cell Phone: (937) 270-2144
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