42) Buying RV Parks & AI Uses in Real Estate

 House Money Weekly

In this week’s House Money Weekly segment, Lauren and Alan get together with their special guest Jojo. They discuss blog 140, 3 Red Flags You Need a Sewer Scope ASAP. Sewer Scope is like a little snake with a camera on it that if you put it down, you can tell if there's cracks or leaks. Red flag #1 is foundation issues. When you see cracks, it's tilting, or it's wobbly could be caused by water. Alan always tells everyone that water is the number 1 enemy of any home, it can be rainwater or plumbing related. Lauren suggests getting gutters and downspouts to keep water away from your building. Red flag #2 is evidence of mold. Everyone is afraid of mold, and they think that is the silent killer of a home. Here's a thing, mold can only survive with a source of water so if you take away the moisture, it goes away and it dies. Having mold means you have a water source that needs to be taken care of so you’ll be needing a sewer scope. Red flag #3 is if you see sinkholes in your yard. Sinkholes are also caused by water and it is typically seen in the front yard. It occurs if there's a leak and that area is soft. That's why there's a little bit of a sinkhole but if you’re inspecting no homeowners will let you dig a hole to figure out what's going on. That is why you have to put the sewer scope down. Lauren won’t buy a house if there’s a sinkhole because sinkholes in Florida are intense. Then, the hosts get into some deeper plumbing discussion.

 

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Mortgage Minute: Jasmine answers the question: Who are Fannie Mae and Freddie Mac?

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