Should I become an inspector?

Question

How many investors are also inspectors? It’s pretty inexpensive to become an inspector and feels like it would pay dividends and allow me to earn income on the side if and when times get slow. Plus, of course loving real estate getting into more homes seems fun and interesting. Is it worth it? Will it be a distraction? Does anybody have pros and cons?￼ ￼

I am a new investor, just sold my first home that I lived in for nine years. Did some house hacking renting some rooms out and made a pretty good profit on that and the home sale, now I’m looking to turn it into several doors. I’m finding it hard to pull the trigger because market prices have jumped so much so I’m trying to think creatively about how to tiptoe in right now, And gain experience that will benefit me in the long run.

Julio Garcia · Answer

I think from a networking perspective it will give you a huge advantage- meeting realtors/buyers.

I love my inspector, i've tried to bring him into the REi world but hes ok.

If you got he drive why not? just dont mind the crawl spaces!

Reinaldo Lopez · Answer

Hi Miss Norman, I recently go my inspector license and are a investor. Actually I got it after few arguments with realtors about issues on houses I was looking. I was told that in order to claim any repairs I needed a Inspector Report, so I got it. Done few inspections but like you said it is fairly inexpensive. KNow I will be reaching Realtors,  mortgage brokers, Attorneys, Insurance, Etc.. to get some inspections and at the same time network with more real estate professionals. Let me know how it goes. I use InterNACHI and don't forget to become a member of FABI.

Clinton Linker · Answer

I say if it's something you're interested in, go for it. Inspecting a home is a very important part of investing in real estate. Doing it yourself could save you a lot of money and you'd never have to worry about another inspector ripping you off or screwing it up.

Bryce Shortall · Answer

@AliceSun Norman curious how your inspector plan has materialized? Any advice or tips from your journey so far?  I'm planning on getting certified this year as well, seems like an excellent REI-adjacent occupation.

AliceSun Norman · Answer

@Reinaldo Lopez that makes perfect sense, and I feel like it will give a better eye when looking to flip properties. Heck, even if I become a realtor it could help me better assess the job other inspectors are doing!

I definitely see the value. Thanks for the tips on where to start. I think I’m going to go for it!

AliceSun Norman · Answer

@Julio Garcia I didn’t fully consider the networking perspective! Great thought, thank you. Since it’s so inexpensive I think I’m going to go for it!

Should I become an inspector?

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