How to Start a Home Inspection Business ($176K a year)

Real Estate is going to make a return here soon with rates projected to go down. There is going to be a MASSIVE NEED for home inspection businesses. If you are near a larger city, you can take advantage of this future BOOM and start this business today. How much does it Cost: $400-$1,000 for a license $800 a year for software to instantly create reports. $1,000 in equipment (Moisture Meter, Receptacle Tester, ladder etc.) $500 marketing / website $700 insurance START UP COST: $3,500-$4,000 HOW MUCH CAN WE MAKE/CASHFLOW $300 - $500 per inspection depending on size. Time – 2-4 hours – Reasonable to do 2 a day 2/day – 5 days a week = 10 inspections a week = 4 weeks = 40 inspections a month Average $400 = $16,000 a month revenue *11 months = $176,000 $176,000 - $4,000 (startup cost) = $172,000 CASHFLOW Positives of this business: Low start up = Profitable Always needed. Scalable within reason Can be a side hustle Think of ways it will fail: Marketing – Local Marketing, Create Website with SEO, Network with home builders, realtors, mortgage brokers, etc. Quality: Needs to be licensed and good. Showing up: Got to show up. Legal Up LLC Insurance Customer Agreement #homeinspection #realestate #businessideas #businessidea #sidehustle #sidehustleideas #business #entrepreneur #entrepreneurship