3 bed 2.5 bath under contract! ....Now what?

[Clayton Crawford]

Hi BP! I've just got a 3 bed 2.5 bath under contract! I've got my home inspection tomorrow, I had a contractor come in and give me estimates on the Renovation yesterday.

Any advice on what should happen during my due diligence period?

any thoughts would be great!

thanks!

[Jaysen Medhurst]

@Clayton Crawford, I assume you've done all your analysis on local rents, etc. 

I'd get a solid list of what you want the inspector to check out. One thing I learned the hard way is to check every single water valve to make sure it works properly. 

For older homes it's also worth paying the money to scope the sewer line. They can settle and break over time and thats a very expensive job.

Will you be testing for asbestos, lead, or mold? Probably worth it if you have any suspicions.

Good luck!