The Multifamily Wealth Podcast #19: What A Home Inspector Looks For When Walking An Investment Property with Justin Eaton
Today’s show is an interesting one - I speak with Justin Eaton, an NJ-based home inspector (and investor!) about what investors need to be looking for when walking investment properties! Justin has a breadth of experience in the home inspection industry and shares numerous tips that I’m sure the audience will keep in mind when walking properties and conducting due diligence... I wish I had his insight when I first started in the business!
Justin owns a home inspection & structural engineering business in South Jersey. To supplement his income he invests in real estate via re-development projects and rental properties. He has been a part-time investor since 2014 and I am currently in the process of transitioning into multifamily syndication.
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Show Notes:
3:43 Justin discusses how he got into the home inspection side of real estate and he shares his background in construction engineering.
7:16 Justin shares how being an inspector has helped him in his investing career.
11:32 We discuss things that Justin values while walking through a property. Also, we learn why the foundation is crucial.
15:22 Justin shares common issues that are found while walking a property.
20:50 We discuss the common signals within a property that may signify deeper issues behind the walls.
23:10 Justin shares easy cosmetic fixes that can drastically increase the value of a property.
29:33 We discuss what investors need to be aware of specifically older properties.
38:47 Justin shares what is essential to assess prior to buying a property.
41:43 We discuss what differentiates a good home inspector from a bad home inspector. ****Also, we talk about why it is crucial to hire a home inspector for your first few deals.
48:32 Justin shares what characteristics make somebody successful and what has contributed to his success.
52:18 We discuss what Justin’s short-term goals are and what he plans to do in the near future.
CONNECT WITH JUSTIN:
https://www.linkedin.com/in/justin-eaton-a9619936/
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