Purchasing the Right Property for You

Purchasing the Right Property for You

The other evening I was doing a Success Academy Phone Seminar. My subject was entitled: "Environmental Concerns and the Real Estate Transaction". During the call I mentioned the following Items: Radon, lead solder, lead paint, asbestos, as well as safety concerns such as carbon monoxide and aluminum wiring,and electrical grounding. I stated that homes built in the 1970's(and earlier) may have some or all of these items to deal with. So-a new client said to me that she was nervous about getting into real estate investing because these (environmental and safety) concerns, if not properly dealt with, may trigger a lawsuit buy the new buyer if not corrected prior to reselling, or worse the invester may simply overlook them because he or she is inexperienced and resell a property with some of these concerns unintentionally. I suggested to the group that everything is a "choice" a new investor does not have to be involved with properties that have these concerns. In other words if you are doing Contract Assignments, the actual buyer is the one who needs to deal with any of the aforementioned items. In addition I stated that just because a property was constructed during this particular time frame, often homes have been updated or remodeled by previous owner(s) and may not be a concern to the new purchaser. The point I was trying to make was; if you don't know what you're getting into, how can you make an informed choice. Knowing what is potentially wrong with a property gives the investor the ability to "opt-out" of the deal or Assign the deal to someone with more experience who is willing to tackle any problem to reap a hansome profit. In the end it's YOUR CHOICE. You are not committed to any property until you sign the dotted line. Remember, you protect yourself in the contract with "Escape Clauses". So go ahead and start looking at Real Estate and making offers!


If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125


Thank you for the information on perspective on assessing deals and things that we all should be aware of. The more information we know the better prepared we will be and the sometimes problems that we find will lower the price on a deal to make it more attractive. Continued success. Believe and Achieve! Smiling - Joe


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Joe Jurek CPA

Due diligence period

That is why it is vital Investor takes their due diligence period seriously while under contract and not to let anything slide by. I'm comfortable with the offer I made on 1960's house I like and even the house I brought that was built in 1958. You have got to investigate, whether the previous owner(s) had done any updating over years of the home's systems since the property was built.


In the name of Allah, the Beneficent,
the Merciful.
22.He is Allah besides Whom there is no God: The Knower of the unseen and the seen; He is the Beneficent, the Merciful.
23. He is Allah besides Whom there is no God: the King, the Holy, the Author of Peace,the Granter of Security, Guardian over all, the Mighty, the Supreme, the Possessor of greatness. Glory be to Allah from that which they set up (with Him)!
24. He is Allah: the Creator, the Maker, the Fashioner: His are the most beautiful names. Whatever is in the heavens and the earth declares His glory: and He is the Mighty, the Wise.


Thats good stuff. Your very right, its our choice and if we think we can't or don't want to get involved into a certain property because of the defects it may have.... then don't

Thanks for sharing the info...


you never know until you find out...

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