What Your Lender’s Inspector Won't Tell You Could Cost You Everything!

One of the biggest mistakes you can make as an investor is believing the Lender’s Inspector has your best interest in mind.

A multifamily property in the right area and in good condition can be a powerhouse addition to your portfolio that generates significant and consistent income.

 

On the other hand…

 

A multifamily property that looks good on the surface but is, in fact, riddled with damaged pipes, an HVAC system on its last leg, leaking roofs, or foundation problems can cause significant budget overruns, send your profits spiraling and have you in the red—wishing you’d kept your money under a mattress instead.  

 

One of the biggest mistakes you can make when considering the purchase of a multifamily property is believing the inspection paid for by the lender will provide you with the information you need to make the right decision.

Your Lender’s objectives are not your own…

When a lender is considering the approval of a loan, they are looking to determine the level of risk associated with the investment and to ensure you have the ability to repay the loan.

They look at

  • Your creditworthiness
  • Your Debt-to-income ratio
  • Your experience and financial stability
  • The property’s current cash flow
  • The Loan-to-Value Ratio, which considers the appraised value of the property
  • The location of the property
  • The physical condition of the property (they are looking for a minimum livability standard)
  • Market Conditions
  • Property Type and Size
  • And more…

The property’s current condition is only a single element in a multipoint checklist they use to determine if they will approve your loan.

For you, on the other hand, the condition and location of the property may be your two biggest concerns.

The lender-paid inspector is sent out to ensure the property you're considering meets the lender’s “minimum” standards. 

With a Lender Paid Inspection, you receive:

  1. A single inspector or a small team of certified inspectors with a general knowledge of all systems involved.

 

  1. A Limited Sample Size. Lender-paid inspectors focus on a representative sample of units, typically around 15% of the total. This approach is aimed at identifying common problems that may exist across the property.

 

  1. A Quick Overview. Your lender’s inspector is looking to quickly and efficiently inspect the property and provide a general overview of its condition. They rarely delve deeply into specific areas or thoroughly investigate every aspect.

 

  1. The Risk of Missing Issues. Because of the limited scope, there’s a higher risk of missing problems that may not be apparent in the sampled units. This could include problems with appliances, electrical concerns, plumbing concerns, and more.

 

  1. Focus on Major Systems. Lender-paid inspectors prioritize major systems and structural components. They won’t investigate the details or cosmetic aspects of individual units.

With your OMNI team, you receive;

  1. A team of master-level electricians, HVAC technicians, roofers, exterior specialists and plumbers who inspect every system, building and accessible unit.

  2. A Comprehensive report that covers 100% of your property and accessible units.

  1. An in-depth analysis of each unit with a detailed evaluation of the electrical, plumbing, HVAC, and other systems.

  2. Localized Problem Identification. We help identify issues and concerns in individual units. Problems with appliances, plumbing leaks, or HVAC issues may not be evident in the sample units covered by a lender’s inspection.  The OMNI team helps helps uncover underlying problems, giving you a more complete understanding of the
    condition of the property.

  1. Time and Attention to Detail. Your OMNI Team is thorough.  Our master plumbers, electricians and HVAC technicians provide a meticulous inspection and work to uncover problems that are often overlooked with the “quick glance” approach of the lender’s inspector.

Physical Due Diligence With OMNI Is The Only choice you should consider.

If you are considering investing in a multifamily property…

If you want to invest with certainty, knowing this property will produce consistent and reliable cash flow…

If you don’t wish to be blindsided by unexpected costly repairs a few months or a few years down the road…


If you want to know with certainty the true value of the property you’re considering, then your choice is clear…

Performed With The Team from OMNI Gives You the following advantages:

  • Independent and Objective due diligence, which ensures a more impartial assessment of the property without being influenced by the lender’s interests.

  • Consideration of your interest above all else. Your interests are our interests. We have no conflicts and work to ensure your specific concerns and priorities are addressed.

  • Thorough Examination. Your OMNI team  provides a detailed and comprehensive report of each building, each available unit, and all the major systems from roofing to parking lots, plumbing and sewer lines, and more.
  • Risk Mitigation. If there are problems with the systems in your property, we will find them. We work to uncover potential risks and problems early on. This, in turn, helps you negotiate a fair price or decide whether the investment aligns with your risk tolerance.

  • Negotiation power. Armed with a detailed property condition report, you’ll have stronger negotiation leverage. The findings in your report can be used to request adjustments to the purchase price or insist certain repairs be completed before the deal is finalized.

  • Long-Term Investment Protection. Our thorough evaluation helps you understand the property’s current condition and the need for any required maintenance or repair that will likely come up in the years and decades to come.  This information will help you with future planning and budgeting and contribute to the overall protection and success of your investment.

  • Peace of mind. Knowing that a trusted and independent team of professionals has thoroughly examined your property provides you with peace of mind.

  • Due Diligence as an Investment.The cost of hiring an independent professional is a small price to pay compared to the potential cost of undiscovered damage, problems and needed repairs later on.

Ready To Secure Your Investment Now?

Gain Clarity with Due Diligence performed by experienced OMNI team and Invest with Certainty.

Click The Link Below To Schedule Your No Obligation, Fact Finding Consultation.

Download Our Guide: "What Your Lender Wishes You Knew But Won’t Tell You"

Be prepared before you leap to purchase a multifamily property; download this free report and discover the truth behind the loan process and the importance of due diligence performed by a team who is looking out for your interests, not your lenders.

I recently has the pleasure of working with Bryan Amos for a due diligence evaluation on an apartment complex I was considering. Bryan's thorough due diligence review provided valuable insights into the property's condition. He took the time to explain potential issues and answer all my questions. I highly recommend his services to any investor considering the purchase of a property.

Frank A.

My OMNI team exceeded my expectations during the due diligence. They uncovered several areas of concern the lender's inspector never brought up. I was able to renegotiate price to account for the needed repairs saving myself and my fellow investors a fortune. I can't recommend OMNI enough!

Ellis W.

Bryan Amos and his team's attention to detail are second to none. His thorough evaluation helped to identify a few areas of concern. The report he offered was thorough. He was prompt, professional and approachable making the entire experience seamless. I highly recommend his services to anyone looking to invest in a multifamily property.

Hank R.