Know what's behind the walls before you make an offer.
The $100K Blind Spot: the nine systems and the scorecard I use to grade my own buildings. Now yours to use too.
30-day money-back guarantee
What to look for when buying an apartment building
The nine systems I grade, ranked by what a miss costs you.
Here's an example of what you find inside.
Ten feet past the building, the sewer line was cracked.
Before closing
10 feet out
Found before closing: $30K–$50K to fix
After closing
Residents moved to a hotel
Found after closing: $500K+
$#@%!
The pipes, the wiring and the structure are where a deal goes wrong. They're also what a walk-through skips, so they go on your scorecard.
Here's how you score your building.
- 1Before the visit.Search the public records for open code violations. You inherit them at closing.
- 2On the walk.Score each system 1 to 5, and write down what you can't see. That's your list for a specialist.
- 3Before you make an offer.Add up your Building Score out of 100. It tells you to proceed, negotiate, investigate or walk away.
What's in the download
Both bonuses included.
- Building ScoreThe scorecardOne page to grade your building out of 100, on site.
/ 100 - StructuralWhat to Look ForRed FlagsThe guideNine systems: what to look for, the red flags, and where the upside hides.
- 5 Red FlagsQuick ReferenceBonus 1: 5 Red Flags Quick ReferenceThe five finds that reprice or kill a deal. Print it and bring it.
- Bonus 2: Utility Cost Baseline TemplateEnter 12 months of bills, and it benchmarks what your building costs to run.
"When I inspect, I think as an engineer. When I assess, I think as an owner."
I'm Jon Weiskopf, a licensed engineer with 20 years and 400+ projects behind me, and I own buildings too. On one 70-unit deal, every heating and cooling unit was 18+ years old. Replacing them broke the numbers, the seller wouldn't move, and I walked away.
30-day money-back guarantee. It doesn't replace a licensed inspection. It helps you read one.
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