Backing out of a deal
Hey folks,
I'm new to the real-estate game, and will be starting the BRRRR process soon. Wanting to get insight from you with regards to the Rehab portion. Assuming you have an inspection on the property prior to closing, what all on the inspection report would typically be a red flag to proceed with the deal (because the rehab would likely become a money guzzler)? I've heard foundational issues on a property is a big one, but was wondering if there are other things you all typically stay away from.
Thanks!
I'm new to the real-estate game, and will be starting the BRRRR process soon. Wanting to get insight from you with regards to the Rehab portion. Assuming you have an inspection on the property prior to closing, what all on the inspection report would typically be a red flag to proceed with the deal (because the rehab would likely become a money guzzler)? I've heard foundational issues on a property is a big one, but was wondering if there are other things you all typically stay away from.
Thanks!