In this video, Jim Davis discusses why buying a renovated flip house is usually, about 80% of the time, not a good idea. Most investors fail to calculate the real cost of rehabbing a house and they won’t replace/repair items you don’t see. The improvements will be cosmetic and most of the real issues with […]
Archive | Flip Houses
Houston Home Inspection Exposes Money Pit
Houston Home Inspections: Jim Davis, Houston’s home inspector recently provided a Houston home inspection on a newly renovated investment property. Unfortunately the house looked great on the surface, however the problems not addressed by the house flippers would have cost the home buyer an additional thirty percent of purchase price. Houston real estate agents are […]
Houston Home Inspection; Beware of the Flip House (Part 2)
Hi folks it’s Jim Davis, your Houston home inspector, with a second installment of our Beware of the Flip House. I recently had an opportunity to perform another Houston home inspection that had been renovated by an investor. My Houston home inspection clients were a real nice couple buying the house to be closer to […]
Houston Home Inspector; Beware of the Flip House (Part 1)
I received a call a few days ago from a buyer who was quite excited about the house that she had just made an offer on. She mentioned that I would probably not find much wrong with the house because it had been completely renovated and everything appeared to be new. A renovated home sounds […]