Flipping Success: How to Avoid Costly Delays Using Permit History
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Randy Zimnoch shares a critical, low-cost strategy for real estate investors and agents to avoid financial surprises during a flip: pulling the property's permit history before purchase. By accessing building department records online or in person, investors can identify open permits, code violations, or illegal additions that could require expensive remediation. Zimdoc illustrates the risks of relying solely on tax records with a real-world example of lot-split complications, emphasizing how pre-purchase due diligence provides leverage for seller credits.
Randy Zimnoch shares a critical, low-cost strategy for real estate investors and agents to avoid financial surprises during a flip: pulling the property's permit history before purchase. By accessing building department records online or in person, investors can identify open permits, code violations, or illegal additions that could require expensive remediation. Zimdoc illustrates the risks of relying solely on tax records with a real-world example of lot-split complications, emphasizing how pre-purchase due diligence provides leverage for seller credits.
