Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

131
Posts
91
Votes
Jimmy Chao
  • Investor
  • Los Angeles, CA
91
Votes |
131
Posts

Will these issues stop you?

Jimmy Chao
  • Investor
  • Los Angeles, CA
Posted

Purchase price $119,000

Rent: $1,100

Seller disclosure includes:

1. They say small tree branch punctured a hole in the roof in 2018. Doesn't sound like a small branch at all..

2. There is active termite infestation that was treated by seller just few days ago

3. They stated there is a foundation issue, but didn't state the cause. A foundation company installed beams and did epoxy injected cracks couple years ago. Still some water leakage during storms.

I am looking to do minimal repairs and seems like there are a lot of problems with this one. Have anyone dealt with issues like these? What did you do?

Most Popular Reply

User Stats

1,557
Posts
1,142
Votes
Jacob Sampson
  • Investor
  • Topeka, KS
1,142
Votes |
1,557
Posts
Jacob Sampson
  • Investor
  • Topeka, KS
Replied

Sorry I didn't type very well.  

$119k is too expensive for $1100/month in rent, even if it had no issues..

Loading replies...