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Updated over 5 years ago on . Most recent reply

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Kyleigh Morgan
  • Longmont, CO
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Brrrr-ing with structural issues

Kyleigh Morgan
  • Longmont, CO
Posted

When you are buying to flip or Brrrr, what issues with a property would cause you to walk away? In other words, would you never rehab a home with foundation/structural problems? Are some things just not worth repairing? Who is the most important person you trust with determining these things? Is it your agent/deal finder’s own observations or does it usually take your contractor or inspector to find the big problems? Are there certain things you can see in pictures that are big clues? Would love as much advise as possible on choosing the right properties to rehab. Thanks!!

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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
Replied

It’s all about the numbers. Usually the bigger the problem the better the deal. If you can make repays and the numbers still work then your good.

You can walk the property and look at pictures for big issues but you should get a property inspection done and bring in the appropriate contractors to assess and estimate repairs for any issues. 

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