Real Estate Investing Forums

Real Estate Investing => Bird Dogs, Wholesaling => Topic started by: LeroyNethan on November 09, 2019, 04:31:11 am

Title: INSPECTION Property
Post by: LeroyNethan on November 09, 2019, 04:31:11 am
For properties that will be purchased in cash, do you only have to do this if the property is being funded or does it still need a house and termite inspection?
Title: Re: INSPECTION Property
Post by: Jonah_Homesprout on November 12, 2019, 09:32:51 am
A property can have an inspection contingency whether itís being financed or is a cash purchase. Now whether you want to risk not having the inspection is up to you. For our company, we prefer to have inspectors come in every chance we can. Itís so easy to miss something that ends up making the whole deal unprofitable or leads to losing money on it.
Title: Re: INSPECTION Property
Post by: Robert Bogino on December 12, 2019, 06:02:37 am
Termite letters are only required from traditional lenders.  Not that you shouldn't be looking for termite damage on cash sales.  If you are inexperienced hire an inspector or GC to give you quotes.
Title: Re: INSPECTION Property
Post by: heartlandbuyshouses on August 31, 2020, 09:59:57 pm
Whatever the situation, is it recommended to INSPECT the Property :D
Title: Re: INSPECTION Property
Post by: SteveKay on September 08, 2020, 10:39:17 am
If you are paying cash you don't need an inspection. You should however have a very good understanding of what you are getting into so should have an inspection for your own benefit.