Are you an investor who’s interested in buying abandoned investment properties and transforming them into something usable, profitable, and pleasant? Today’s guest, Richard Proskiw, is a real estate investor and an expert at buying, fixing, and flipping abandoned properties and those needing repair.

Richard joins me today to explains why you need to have a professional home inspection conducted while you are analyzing and considering buying a real estate investment. He also shares the common pitfalls that fix-and-flip property investors make that you ought to be watchful, for especially regarding budgeting and cost estimation.

 

“They have to take the time to check the properties that are going to give them the profit value that they can afford.” - Randy Proskiw

 

In This Episode of Real Money Talks: 

• Why home inspection is necessary and beneficial to the prospective owner
• The scope of the inspector’s home examination
• Defining ARV (After Repair Value) of a home and why you need ARV lessons in the fix-and-flip real estate business
• Reasons investors go over budget and how to deal with it
• Number of fix-and-flip projects you can do

 

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