“I’m trying to help investors ask the right questions of their contractors. I’m bringing up things that say, hey, if you’re going to put air conditioning in here for the first time, you need to make sure you understand where the furnace is going to go.” – Kevin Bain
What if the difference between a profitable deal and a financial disaster came down to one inspection? Kevin Bain, a Lifestyles Unlimited member since 2019 and certified home inspector with a civil engineering background, reveals the hidden defects that most investors miss—and how those oversights cost thousands.
From sewer lines that haven’t been updated since the 1950s to foundation issues that only show up months after purchase, Kevin shares the insider knowledge that turns property inspection from expense into competitive advantage. Whether you’re buying your first rental or scaling to hundreds of units, this episode exposes what really lies beneath the surface of every property deal.
What You’ll Discover
- Why even new construction needs professional inspection and the warranty strategy that protects you beyond closing
- How remote investors use inspectors as their “eyes, ears, voice, and conscience” during rehab projects
- The specific red flags in 1950s properties that can blow your budget (cast iron pipes, Federal Pacific breakers, foundation settling)
- Why Kevin’s civil engineering background gives him an edge other inspectors don’t have
- The real cost breakdown for inspecting a typical investment property ($450+ depending on scope)
Key Timestamps
- 05:27 – Why every property investor needs a home inspector on their team, regardless of experience level
- 12:00 – How remote investors use progress inspections to monitor contractor performance and protect their investment
- 15:30 – Kevin’s unique civil engineering background and how it enhances his inspection capabilities
- 24:00 – Real cost breakdown: What it costs to inspect a typical 1950s investment property
- 27:45 – The scope of work strategy that prevents costly surprises during rehab
FAQs
- Should I hire an inspector for new construction properties?
Yes, absolutely. Even new builds have issues that subcontractors miss or builders don’t catch. Kevin performs sewer scopes on new construction and often finds construction debris or improperly laid drain pipes. You have more negotiating power before closing, and warranty inspections at 11 months can catch problems that only show up after the house has had time to settle. - How can remote investors effectively use home inspectors?
Home inspectors can serve as your local representatives during both purchase and rehab phases. It’s much cheaper to send an inspector for 45 minutes than to fly in from another state. They can monitor contractor progress, verify work quality, and ensure contractors have earned their next paycheck before you release funds. - What should I expect to pay for a home inspection on an investment property?
For a typical 1950s property (3-bedroom, 2-bath, pier and beam with crawl space), expect around $450 for the basic inspection. Add sewer scope inspection for older properties with cast iron pipes. Fees increase based on size, age, complexity, and additional services like termite inspections.
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The information and opinions on the Lifestyles Unlimited Real Estate Investor Radio Show are for entertainment purposes only and do not constitute investment advice. Please consult a professional regarding your personal investment needs.
