Plumbing, Foundation. Roof. HVAC. These are the big ticket items when you're doing a physical inspection on a potential investment property.
Most investors are part timers. Most of us are somewhat good with our hands and know something about houses (we all live in houses, don't we?) So three of those items might not scare us too much when they arise. We've all replaced a faucet or two. We all do maintenance on our own AC systems. Most of us have had a roof replaced.
But sloping floors and crooked door frames will send us running for the hills. But consider this: all foundations are not created the same - so all foundation problems are not created equal.
You get below-market-value purchases by pursuing properties that have scared off other investors...[READ MORE]
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