8 Red Flags in a Home Inspection
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 6 November 2023
⏱️ 40 minutes
🧾️ Download transcript
Summary
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Visit Ken's Bookstore: https://kenmcelroy.com/books
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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: https://mccompanies.com
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Transcript
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| 0:00.0 | Welcome to the Real Estate Strategies podcast, where we host in-depth conversations on everything |
| 0:07.8 | real estate with the industry's biggest movers and shakers. I'm your host, Ken McElroy, joined by my |
| 0:13.9 | co-host, Daniel. Let's get right into this episode. Welcome to the Ken McElroy show. I'm your |
| 0:19.3 | host, DeNeal, here with Ken. What's |
| 0:21.1 | going to all? So today we're going to jump right into the topic and we're going to talk about some |
| 0:26.3 | red flags when you guys are doing home inspections. And we think this is a really good topic because |
| 0:31.4 | a lot of you are buying homes right now or have recently bought homes. And there's things that you |
| 0:35.7 | want to look for during that inspection |
| 0:38.7 | period that's very important that some people kind of glaze over. |
| 0:43.0 | Not just glaze, but if you try to buy a house the last two years, you probably didn't pay |
| 0:47.6 | attention to any of these because the sellers kind of had you over a barrel. |
| 0:53.4 | Yeah. |
| 0:53.9 | Well, and two is, you know, I remember when I got my first inspection and I had never had one before and I'm in Arizona and there was termites. |
| 1:02.8 | And I remember being like, that's it. |
| 1:05.3 | Like, I can't buy this place. |
| 1:06.7 | That's termites. |
| 1:07.5 | Like, you know, and I was freaking out. |
| 1:09.0 | But then come to find out termites are super |
| 1:10.9 | common in Arizona and about half my properties upon inspection had had them. Um, so it was just |
| 1:17.2 | kind of interesting, you know, for people that don't have anyone to ask, like, is this a big deal |
| 1:22.5 | or not? Because your realtor a lot of times might say, no, it's not a big deal because they want you to buy the property. So who do you turn to? Yeah, let's put this in perspective, first of all, both realtors, |
| 1:33.4 | yours and theirs do not want a thorough home inspection. Correct. I think this is an important topic |
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