All Forum Posts by: Brad E.

Thank you everyone for the opinions.  I'm definitely going to get an inspection :)

thanks @John Warren  Good points.  I'm mainly concerned about the roof and I've got a contractor lined up to take a look today.

Can you say more about what you mean regarding the double edge sword of buying below replacement cost?  This is not something I had even considered as a factor.

There are a lot of good threads here on this.  I'd start at listsource.com.  If you go through openlettermarketing.com you can get a discount on the list.

This is a great thread on the topic: https://www.biggerpockets.com/...

There are smoke remediation companies that will do it but I think its rather expensive.  Might be worth looking into.  If its a decent deal I wouldn't let that stop me from buying it.  Too bad it already has fresh paint and floor. 

I'm sure opinions vary widely on this but just wanted to get some feedback.  I'm in contract on a C class duplex that was build in 1966 in GA for 50K.  Went to check it out the first time today for myself and I can see with my untrained eye it needs quite a bit of work but it is occupied currently.  I'm wondering if it is worth it to even get an inspection. 

I'm sure the inspection will uncover myriad things but most of it I will likely not fix.  Just questioning myself if it is worth it to pay a $550 inspection.  The main positive I see of doing it is using it as a tool for price negotiation.  I've already done a decent amount of negotiating with the seller before getting it in contract and they seem pretty set on the price, so I dont know if I can get it any lower even with an inspection report.  Other than that it almost feels like a waste of money, but maybe that is just ignorant....

Where do you guys draw the line on whether to inspect or not?  Thanks!

@Eli M.

I had this happen before. I went through the appeal process with the bank to no avail. Swapped lenders mid-stream and got a new appraisal that was higher and was able to close the loan no problem.

I ended up wasting $750 on the original appraisal which wasn’t fun.

The original lender was one of the big banks so if that is your case as well I would consider finding a smaller bank or mortgage broker and giving that a shot.

@Jeremy Bourgeois

Thank you for your service!

@Jerryll Noorden

For sure.  I'm going to give carrot.com a try.  I'd never heard of that before so thanks for the recommendation! 

Where can I find more info on your Bible of SEO World Domination?  I googled it but not seeing anything that matches that title.

@Jerryll Noorden

Great stuff.  Thank you!

@Jerryll Noorden

Yes. That is my website. I didn’t say it was awesome :)

Any tips?