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Should You Waive a Home Inspection on Investment Properties to Get a Better Deal?

2,061 views · Published 8 October 2018 · 10:57 · Indexed 4 November 2026

Channel: InvestFourMore Real Estate · 2018 · Education

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I have bought 18 houses this year and a 68,000 square foot commercial property. I bought over 30 properties last year. Most of them were bought from the MLS in one of the hottest markets in the country (Colorado). I have been able to get deals from the MLS for a number of reasons, but one of the big ones is I usually waive my inspection. I wrote an article on this subject here: https://investfourmore.com/2015/04/06/should-you-always-get-a-home-inspection/

By waiving my inspection and buying houses with cash terms I am able to beat out other offers that may be higher than mine. I also build a reputation in my area as an investor who will close on deals if I get my offer accepted. 

However, not everyone should be waiving their home inspection. I have a lot of experience buying houses and I know what to look for when deciding what to offer. I also leave my self a cushion for repairs that I may not be able to see. If you are new to investing or are only doing one flip at a time, you may want to be much more careful about what you buy. 

Here is the video on how to get a great deal that I said I would link to https://www.youtube.com/watch?v=35n-HqBky3Y&t=2s

Here is a video on the cost to repair a house: https://www.youtube.com/watch?v=qMQR0v9cako&t=25s

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