Would you inspect this home.

[ekartal6]

Would never work in a licensed state. I forgot the stupid SOP calls for a written report for the client. Nice thought anyway. But definetly a verbal for the flippers.

[bandag]

Dave, Where was the skunk at? in the crawl space?

[Russel Ray]

Originally Posted by dmacy

Just had a call from a first time flipper.

House was built in the 40's. House has been vacant for 2 years. House is bank owned.

The utilities are off. House has skunk, racoons, rodents. House has mold.

The roof has holes in it.

He is receiving the house for about 50K and the market value is about 150K

I really dont want to deal with the critters.

I told him I would help him out. I also told him that he should have every major contractor give him estimates. House is on a wooded lot so the drainage is probably ****** up.

Lets see. 10-15K for drainage. 10-20K for the roof & framing/sheathing.
5-10K electrical. Mold remediation & gutting the house. HHHMMMM. 20-30K.
Plumbing 2-5K Critter control $$$$
Probably needs new kitchen baths 10-15 K

His 100K can add up fast & this doesnt include structure. Home is a slob. I mean slab.
I think this guy is getting a flop to flip.

Would you inspect this home?

I really dont want to.

Yes. It would be a great candidate for a WALK inspection. In fact, it sounds like you've already done a WALK inspection. Now just charge him for it.

How many square feet?

WALK inspection
1000-1499 SF - $99
1500-1999 SF - $149
2000-2499 SF - $199
2500-2999 SF - $249

[Russel Ray]

Originally Posted by dmacy

I dont even think RR has a flip inspection.

Of course I do. In fact, I have six of them:

WALK
DRIVEBY
FLYBY
CARRY
VOICE
ASK

I market them specifically to the 5,000 members of the Flippers Association, er, I mean the San Diego Creative Investors Association.

[Russel Ray]

Originally Posted by dmacy

Anyone watch flip this house? Usually there are termites/mold to be found when they start tearing up the walls.

I did a WALK inspection for a flipping Client back in October. After the WALK inspection he was so impressed with my knowledge that he sat me down, picked my brains about flipping (that's what I used to do in a previous life), and paid me my going rate for "flipping consultation" ($250 an hour). We spent 1½ hours at On The Border drinking margaritas and eating jalapeno nachos (my type of Client), and he handed me a check for $300 and paid the bill and left the tip.

He closed escrow on November 14.

I've been by the place four times since then to see what he's doing. It's so gratifying to see that my WALK inspection was dead on, that he followed my recommendations, that he didn't find any surprises (I was 99% certain he wouldn't based on my WALK inspection), and that he has implemented many, many of my property flipping ideas.

I went over there with Jim, my Domestic Partner and a Realtor with Century 21 Award, this past Thursday for an update. I created a bunch of marketing materials for Jim to give him. Everything is working out beautifully. When they get to where they are about two weeks from being finished, he's going to list the property with Jim and let us start doing marketing in preparation for having some special Remodeling Tours. I'm also creating a cool DVD presentation that folks can take with them from the Tour; it touts his new company, Jim's services as a Realtor, my services as a home inspector, and About Homes. I'll also do a LIST inspection for him which he can also present to his prospective buyers. And prospective buyers will get a free 30-day subscription to About Homes. He's quite impressed with my marketing ideas, which I also implement for Jim.

His first WALK inspection was $149 and look what it's turned into. Probably thousands and thousands of dollars resulting from a great partnership for the three of us.

In all that you do, think

marketing, marketing, marketing

Always strive to be

helpful, helpful, helpful.

Provide your Clients with

choices, choices, choices.

If you do those three things, the financial rewards will come back to you manifold.

[Scott K. Harris]

I would, but I agree with the others, I'd charge for it. I also carry a mace can to shoo off 'critters"

[sspradling]

Attaboy, RR.
Stu

[tneyedli1]

A structure as you described sounds more like dozer bait.
Mark it hard and don't leave any room for ambiguities.
Use the inspection as a training exercise and chaulk it up to experience.
Collect your fee and run to the bank.
T.Neyedli
www.alphahomeinspections.ca