Updated about 5 years ago on . Most recent reply
Going over an inspection report
Dear fellows investors,
After a few weeks of searching, I finally got my first property under contract ( Whee!!), a 3BR/2bathrooms townhouse in Birmingham, AL ( C+/B- area). I got it for $115K and the estimated rent is around $1,000-$1,050.
I just received the inspection report, and it looks like the property is in good condition; however, some minor repairs are needed. I will love it if someone can spend a few moments going over the report with me and advise me about the next steps ( re-negotiating the price with the seller, estimated repair cost, etc.). This is rental/buy and hold property, not a flip.
Thank you all in advance!
Omer