Ref flag: No water on for inspection

1 Reply

I was under contract for a vacant house, previous owner who was also investor started renovation and passed away due to Covid. During inspection, we found foundation issue on concrete slab house, water turned off so can’t check for any leak, can’t find sewer clean out, can’t check if toilets are draining properly. Glue down vinyl floor popped out so many places. After all the work, I don’t see this could be good deal.

Foundation repair 6 k

Electrical work 2 k

Cash purchase price 95k

Unknown cost of sewer and plumbing ?

ARV around 150k

All new Samsung appliances, recently painted, new roof, new HVAC

House build in 1956

Good Neighbourhood where I could find

travel nurses

Anyone has idea what could have done to save this deal?

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