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Updated about 7 years ago on . Most recent reply

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59
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Vernell D Watson
  • Rental Property Investor
  • Cherry Hill, NJ
14
Votes |
59
Posts

Potential Flip but there's water in the basement, invest or run?

Vernell D Watson
  • Rental Property Investor
  • Cherry Hill, NJ
Posted

Hello All,

I've seen quite a few properties in Camden and Burlington County. In most cases, you can tell if a property is worth the time an effort to acquire, renovate and resell. However, I always get confused on what to do with properties that appear to be diamonds in the rough but they have water in the basement. What steps should you initially take to ensure you can purchase a property, take care of the water issue along with other repairs and still make money on the deal?

Vernell

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739
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372
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Chris Purcell
  • Investor
  • Philadelphia, PA
372
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739
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Chris Purcell
  • Investor
  • Philadelphia, PA
Replied

@Vernell D Watson

Just a part of the Reno budget.  Wouldn’t scare me

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