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General Real Estate Investing

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Kevin Wilson
  • Rental Property Investor
  • Oceanside, CA
57
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121
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BRRR with structural damage

Kevin Wilson
  • Rental Property Investor
  • Oceanside, CA
Posted Aug 23 2019, 11:14

Found a property that looked good cosmetically however contractor noted some structural concerns that could be pricey to remedy and had his own personal reservations about it as an investment property because of that. My question is if I could get an offer accepted lower than asking price to offset the repair costs would it be worth it assuming the math made sense for cashflow and ARV? Or is it too concerning and risks being a money pit?

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