How I Almost Lost $75,000 Buying The Wrong Property - podcast episode cover

How I Almost Lost $75,000 Buying The Wrong Property

Nov 15, 202216 minEp. 144
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Episode description

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In this solo episode I talk about how I almost lost $75,000 by buying the wrong property. After the inspection of this property I ended up canceling the purchase agreement. In this episode I will walk through the main issues found in the inspection and the lessons I learned during the process. My goal is to share as much information as possible to help you, get your notepads ready!

Highlights

  1. Having a good team is priceless, especially if you invest long distance. A good team can help you avoid bad deals
  2. You need to know the type of investor you want to be. That may be a turnkey investor, an investor who rehabs properties etc. 
  3. A property walkthrough checklist can help you spot issues to bring up to the seller and help you learn about the issues of the property before an inspection. 

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