When checking out a house, are there some serious issues that should tell me that the deal is going to cost A LOT of money?

Chinese drywall will definatly make me exit stage left!

Depends, am I buying the wholesale deal or selling it? Those are two VERY different positions.

1. Foundation issues 2. Code violations (illeagal additions) 3. easement issues etc.. Make sure you do your due dilligence when buying a house and take it out on price. the bigger the problem the better the price when it comes to you buying it. Cash or Wholesale. If you see a problem that is of huge concern, get a better price.

@James Enright I'll definitely do that. Thanks for the tip! @Aaron Mazzrillo Ya I figured that was a big one. thanks!

@Jordan Redar That type of drywall causes copper surfaces to turn black and powdery and also emits sulfurous gasses that have been known to make home owners sick. Most homeowners usually find out once they have gotten sick or notices the coils on the AC have turned black. It should be disclosed when listed for sale by realtor, the low price draws you in. Then you see the fine print at the bottom stating samples tested show proof of Chinese drywall. Usually when it is found, you pretty much need to gut the house and replace all the drywall

@Cory E. Functional obsolescence is one that I hadn't considered. Thanks for the advice! @Thomas Weir So what is the problem with it, and how do you know if it's Chinese?

Hi @Jordan Redar , There can be a ton of stuff that could cost you a good amount. It really is hard to tell until you start demo. Obvious things are roof, foundation which could usually include doing some plumbing, termites could be a problem because its hard to know the extant of their damage, lead paint. Again, it is always good to have a contractor with you when you are looking at these properties because they might be able to catch something you don't see. Good luck, Andres J.

Even worse, is a leaky roof might cause mold, something very difficult to get rid of and it can be dangerous to the health of those living there.

It needs to be in the right location for me.

What issues with a house will make you run from a wholsale deal?What issues with a house will make you run from a wholsale deal?

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What issues with a house will make you run from a wholsale deal?

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