Subscribe to the RSS Feed Subscribe Via RSS: All Posts RSS Feed

Use This Form to Remind You What Property You are Going to Buy

If you’re like most people, you have a limited memory after a few repetitive ‘inspections’ of something fairly similar…like houses. Also, if you’re like me, you can mix up some of the easiest things to remember - for some reason I am not always the guy who can repeat your name after 3 minutes at a party. But I am the guy who can turn a property that others have walked away from into something that can send money to my bank account each week, with little or limited risk.

Inspecting property is one of the loneliest and boring tasks I have had to do. I like property for the benefits, not the fact it has red bricks or yellow daisies in the garden. I like the fact that sometimes you can turn the second living area into a 4th bedroom or you can enclose a balcony to make a perfect afternoon tea area for your tenants. I just think that there are better things to do with your time.

What was even worse than being bored and isolated was that at the end of the day when my partner got home, she would ask what I inspected and saw. And I would either forget or be confused as to which house had the green melamine or the marble kitchen counter.

So after many ‘forgotten‘ properties my partner and I found a fantastic form to remind me of the property and its benefits or faults, depending on what we saw when we inspected the property.

Many times we investors head out looking at property, only to forget what we saw at the property before the one we just inspected! I have even heard that some investors go close to buying something, only to realize that the property they are looking to purchase is actually another one they had inspected - and they just messed up!

Property Inspection Checklist

I am very happy to share this with you and it would be great if you could email me suggestions as to what you think should be added or subtracted. I cannot remember where we got it from but I think you will get great benefit from using it.

Don Christie

Last 5 posts by Don Christie

[ Add Your Comment ]

Internal Tags:

All comments are moderated through the Math Comment Spam Protection system. Please see the terms of service for this blog's comment policies. Thank you!

RSS feed for comments on this post | TrackBack URI

Allowed XHTML: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>