How to learn about construction / inspection?

Question

Hello BP! My fiancee and I are looking to house hack a duplex/triplex/quadplex and went to our first showing today. I work in investing (non-RE) so am comfortable with the numbers side of things, but was blown away by how much there is to learn about construction, maintenance, etc. when looking at a deal. Thankfully brought along a good friend and mentor who could point out why the renovations on this property were "lipstick on a pig," which brings me to my question:

What are your favorite resources to learn about construction, maintenance, inspection, etc.?

Basically, I want to get better at spotting shoddy work and potential problems when doing a walkthrough. Thanks for your input!

P.S. - We're looking in the Evanston area north of Chicago, so any market-specific tips are welcome also.

Kenneth Garrett · Answer

@Cliff Nelson

I have a basic worksheet I will share with you that I use working with newer investors.  Pm me and i will send it to you.

Attend property tours through local REIA groups and you can learn about rehab numbers.  It will take a while but as you here similar things it will become more understandable.

Alex Ferraro · Answer

Hi Cliff,

I am going through the same process right now, and I think a lot of it comes down to experience and picking things up as you go. It also helps to have an experienced realtor who can help you through the process (and can refer you to a qualified inspector when you are doing due diligence). I learned a ton reading through my first inspection report.

However, I am also excited to hear if anyone else has a more streamlined way of learning about it -- I'm sure there are some good resources out there.

Cliff Nelson · Answer

@Kenneth Garrett Thank you, PM'd!

I also picked up "The Complete Guide to Home Inspection" by Michael Litchfield and Roger Robinson. Still reading, but it is very helpful.