Use the common sense approach to buying real estate, do not buy with emotion.  I have done this and it is costly.  The reason is we tend to look over things that we know need repair or replacing and we do this because we LOVE the property.

That is not how we are supposed to buy.  The buyer we sell to is supposed to buy with emotion, we have to buy with common sense.

Your purpose in flipping properties is to make a profit, the more we do not  look over things the more it cost us.  In some cases this has really cut down on my profit, so make it a habit to not buy with emotion.

Using the common sense approach to buy simply means “LOOK” at what your buying.  I am not a builder but I can look at something and I can tell if it is in good shape or bad shape and that’s what’s important.

I strongly suggest a certified home inspection but you can inspect the property yourself prior to spending that money.  You should have a check list and use that check list for each property you look at.

Start with the exterior, look at the condition of the roof, are there missing shingles? Is there any discoloration or abnormal wear?  Look at the chimney and the foundation, are there any cracks or missing mortar in the joints.

Check for septic tanks or sewer systems on the property.  Is there a under ground sprinkler system or some wiring.  What is the condition of the landscape?

On the interior your major concerns should be the furnace, heating system, air conditioning and water heater.  Are there any maintenance records?  Next you should inspect all appliances, do not be afraid to turn things on or open doors of refrigerators and ovens, it could cost you later if you assume they work.

Test all interior and exterior lighting.  Check each outlet for power, look at the breaker box for broken breakers or exposed wires.  Inspect all plumbing for leaks, check each faucet and fixture.

Inspect each window for cracks, leaks and screens.  Is the carpet worn or can it be professionally cleaned?

This is common sense buying, I know sometimes you just fall in love with a place and over look it, but I have done that and then I want to kick myself, so be aware and look at what your buying and remember why your buying it.