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
General Landlording & Rental Properties
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 4 years ago on . Most recent reply

User Stats

17
Posts
8
Votes
Zach DeRossette
  • Real Estate Agent
  • Oakland, CA
8
Votes |
17
Posts

Cracks In Brick Siding - Back out of deal or keep investigating

Zach DeRossette
  • Real Estate Agent
  • Oakland, CA
Posted

I am in contract on a house and the inspection report revealed some cracking on the brick siding. The inspector suggested to get a structural engineer to check it out. I'm debating whether it's worth it to spend $550 for a Structural engineer to look at it or back out of the deal. I definitely won't proceed not knowing how big the issue is. I've already paid $300 for a home inspection, and I'm wondering if I should just keep investigating the issue or keep looking for a new house.

The house is in East Point, Ga. It's about $130k and expected Cash on Cash return is about 8%. Other than this issue, the house is in decent shape and I like the area. 

Most Popular Reply

User Stats

17
Posts
8
Votes
Zach DeRossette
  • Real Estate Agent
  • Oakland, CA
8
Votes |
17
Posts
Zach DeRossette
  • Real Estate Agent
  • Oakland, CA
Replied

Thanks everyone. We ended up having it inspected and the seller has agreed to fix it before COE. 

Loading replies...