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
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
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

All Forum Posts by: Michelle Martin

Michelle Martin has started 11 posts and replied 53 times.

Post: First week of escrow, foundation issues discovered. What to do?

Michelle MartinPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 55
  • Votes 26

@Mike Cumbie yes I have 7 days from start of escrow (6-3-19) to get an inspection, and 3 additional days to back out.

Post: First week of escrow, foundation issues discovered. What to do?

Michelle MartinPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 55
  • Votes 26

@Jay Hinrichs No. I have no realtor. Like I said, I broke the rules.

Post: First week of escrow, foundation issues discovered. What to do?

Michelle MartinPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 55
  • Votes 26

I've never posted on this site but I have been lurking. I'm in escrow on my first investment property, in Cincinnati. I kind of broke the rules with this purchase because I don't have a team set up or anything. The property (4-plex) was such a good deal, I couldn't pass it up. I received bad news from the home inspector today, he found foundation/structural issues and recommended that I have a structural engineer inspect the home. I took his advice, and the home will be inspected tomorrow. If the property needs like $15-$20k worth of work on the foundation, can I renegotiate the purchase price while in escrow to cover those repairs?