Pest inspections are an important part of the process for the first time home buyer. Steve Filkins with Filk Pest Control joins me Amerifirst Home Mortgage specialist Jeremy Drobeck to take a look at the pest inspection process. We look specifically at wood destroying insects like carpenter ants and termites, and how they destroy homes. I always highly recommend having a pest inspection done as part of the home buying process it can save you a ton of money. For example, the home in this video was a rental property I was personally purchasing. I had Filk Pest Control do a pest inspection on the home prior to me purchasing it. Sure enough they found both carpenter Ants and Termites at a cost of well over $1,000 having not done the inspection could have cost me big time. Instead I was able to renegotiate the price and obtained a HUGE price reduction. The $50 pest inspection save me thousands of dollars!
Working with home buyers searching for a new primary residence is a totally different game compared to working with investors and rental property. Sure, there are similarities, but what want-to-be home owners care about is different than what an investor cares about. Frankly, for an investor, it’s all about the money and it should be. When someone purchases a rental property they are essentially running a business. If we can help them run a successful business and turn a profit they will likely come back and buy more properties.
There are lots of want-to-be investors out there and the hardest part is getting started. We are going to help unravel the maze. We will also look at long term planning. Often just knowing what needs to happen to acquire the next property and the next one after that is one of the keys to success. Owning rental property can be a great way to build wealth and we are here to help.Visit Jeremy's Blog