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Comments (43)Hey everyone. Jason Nedrow here with REI Success Mastery where we teach you how to become a highly paid, professional real estate investor. Now today we’re going to cover a 13 point checklist that homeowners and real estate investors should use when evaluating and purchasing a property. Now this checklist will work for you if you’re buying a property for your own personal residence or if you’re a real estate investor and it’s strictly for investment purposes, either way it will work.
Now if this is your first video, this is a two part video series and you’re going to want to pause this and go to youtube or our website and watch part one first and that way it’s going to make a whole lot more sense to you. You can get our web address below this video or tail end of this video but please, watch the first video and then come back and watch this one, it’ll make more sense to you. Also keep in mind that there is so much content and information that this video series, part one and two covers the exterior checklist of a property. We have a whole other video series that covers the interior checklist, so keep that in mind.
Now for those of you who have already seen part one, hey, welcome back, and let’s get to it. So like I said before, keep in mind, minor overlook can lead to a major expense. That’s why each one of these points on this checklist is just as important as the other, so keep that in mind.
Now number 7 on our checklist is the garage or car port. Listen, now days, this can be a deal breaker for a lot of people. Most people want to have a garage. People spend a ton of money on their cars, they want to protect that investment, they want to have a place to park their car, and there is no garage or if the garage is too small, then they can’t park their car that could be an issue. So if you’re trying to flip the property, you may have a challenge there. A rental property, it may not be as big a deal and that’s why you always want to take into consideration, your exit strategy. I mean, if you’re going to rent the property versus live in it, or try to flip it, some of these factors may not be as big a deal, and you might not spend as much money as you would otherwise, but I will tell you if you’re renting the property, if it’s got a car port or garage you’ll probably rent a lot quicker and easier that way. That’s something I want you to take into consideration.
Number eight, sprinkler system. Now I will tell you this isn’t as much really as a deal breaker as other factors, it really most of the time isn’t a deal breaker. But most homes do have a sprinkler system, that why you want to add it to our checklist, and most people want a sprinkling system, and your property will sell quicker if it does have one. Now again, rental properties, you may not think its big deal but I prefer to have a sprinkling system in my rental properties because I know my tenants are more likely to take care of the land and landscaping and that’ll save you a lot of money down the road, and a lot of hassle. Once again, take a look, does it have a sprinkling system, does it need one, is that something you want to invest in and put one it, I mean that’s up to you and it depends on your strategy. If you’ve got one, does it work properly, again, take a look at that because that may or may not be a big deal to you.
Number nine, window wells. This is something that I see people overlook all the time. I remember the first property I bought years ago, I didn’t pay attention to the window wells and they weren’t dug deep enough and what happened, the first major rain storm, all my window wells filled up, my basement flooded, and it cost me a ton of money in carpeting and it was just a huge headache. Don’t let that happen to you. Unfortunately, some builders out there don’t care about their reputation, I mean some states, don’t even require builders to have a license unfortunately,...
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By The Numbers - Rankings, Stats and More
Release Date:2011-11-01ReviewCritical.com Sales Rank: #10274
Category Rankings:
#1007 in Real Estate
Price:
Refund Period: 60 days
Vendor ID:JNEDROW
Charts
Suggest improvements hereTop Phrases
Report useless phrases here| Phrase | Count | Density |
|---|---|---|
| hold investors | 17 | 0.145 |
| estate investors | 15 | 0.128 |
| flip investors | 13 | 0.111 |
| wholesaling properties | 11 | 0.094 |
| operating income | 9 | 0.077 |
| earnest money | 8 | 0.068 |
| success mastery | 8 | 0.068 |
| investing formula | 8 | 0.068 |
| jason nedrow | 8 | 0.068 |
| rain gutter | 7 | 0.06 |
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Vendor Updates for Affiliates
Product description updates for affiliates (sales partners) by the owner. Usually short 1 sentence descriptions, with some stats focusing on the profitablitiy of the product trying to convince affiliates for promoting it.- 2012-01-12 : This Simple Step-by-step Training System Teaches The Mindset And Principles Of Successfully Making Money Wholesaling Real Estate Properties In Both Up And Down Real Estate Markets And Ultimately Building Wealth As A Successful Real Estate Investor.
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