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Updated almost 6 years ago on . Most recent reply

User Stats

47
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18
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Robert Khalev
  • Rental Property Investor
  • New Jersey
18
Votes |
47
Posts

Foreclosure purchase in NJ

Robert Khalev
  • Rental Property Investor
  • New Jersey
Posted

Hey all!

I am a relatively new flipper in central NJ and am looking at foreclosure homes.

I love some of the foreclosure homes I am seeing, but what do you recommend to do in order to get a proper home inspection done?

It seems banks will not be willing to turn on utilities and it makes receiving a thorough home inspection a very difficult (if not impossible) feat.

Problem is I will be using hard money to finance the deal and if I do not account for an expense appropriately in the beginning, how will I ever be able to fix any issues that arise once the home is dewinterized/ utilities are turned on and be able to finish my rehab and sell the home...

What recommended actions should I take to receive a thorough home inspection on a foreclosed home that is winterized?

Thanks for your time!

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