4 things you must pay attention to that can put a crimp on your profits if you hope to "flip" the property.
Sound structure: you should always have the structure of your investment homes inspected by a licenses real estate inspector to ensure the walls are sturdy, at the beginning of any heavy construction home Harmful Material: In many cases, there may be old housing materials, harmful to the human body, if the ingestion, inhalation or direct contact with skin,for example, lead based paint,asbestos, toxic molds and other hazardous materials.
Taking into account when touring investment properties of animals, reptiles and insects, who can occupy homes, Especially if they have been vacant for a long time.
Long uncut grass may attract reptiles such as snakes, raccoons, skunks, armadillos and other creatures.
Electrical: Electrical wiring and gas pipelines of old house may be unreliable, and sometimes very dangerous.
before major construction make sure have a real estate inspector check to ensure the electrical box and wiring in the home is not in a hazardous state.
make sure check the electrical connections to large appliances such as the furnace, water heater, stove, refrigerator and so on.
Before you invest in a fixer upper when flipping houses make sure you know the area, Making a bad deal may not impose an immediate danger as the items above, but it will hurt.
Before investing real estate investors should do their research to ensure they can recoup the cost of the home, the cost of repairring to the home, during construction the cost of owning the home, and hopefully make some profit.