All Forum Posts by: Donnie N.

Thanks @Glenn D. and @Mike Douville

I'm definitely going through the process of triple checking everything. I'll report back on how it goes. Also, for flood zones...aside from these places...

http://www.floodtools.com/Map.aspx

https://msc.fema.gov/portal

https://www.floodsmart.gov/floodsmart/pages/landin...

Where else you guys recommend to check?

Thanks @David Warren and @Mindy Jensen

Since this is my first go at it...I want to see how it goes from remote. I want to see if it's possible to do ti from remote. @David Warren I'll shoot you a note separately about the inspections.

@Scott Steffek  Thanks Scott, just sent you a PM/request to connect. Let me know if that doesn't go through. Thanks!

@RI N.

thanks! I'll look them up

Marion County

zip is 46218

Does the county matter in terms of what I need to get for documentations? Doe sit differ from county to county?

@Ian E.

Hi, 

I'm in a similar situation with Nicole. I haven't signed anything yet. Luckily, I had my lawyer review the purchase agreement first. He, as well as I, had some questions. I've posted this in 2 other threads regarding my questions. Perhaps you or anyone can shed some light on this for me...

1) I’ve requested some additional documentations. (disclosures, survey, inventory of the rehab that has been done)

2) I didn’t get any other documentations regarding the property aside from the purchase agreement. Is that normal? If not, what other documentations should I be requesting?

3) My lawyer says that there’s usually a set of documents when purchasing properties. (I’m in California. My lawyer is more familiar wth California.) So does anyone know what the standard sets of documents that I should request? I would assume at least a survey to outline the property line and structure dimensions right?

4) My lawyer also says that I should conduct a inspection from an independent local inspector. Anyone has any idea on how to find one and what is the typical cost? (It’s not a big piece of property. Standard single family home.)

I’m very new to this whole process. So I’m doing my best on my due diligence part. I’ve also checked on (https://msc.fema.gov/portal) and (http://www.floodtools.com/Map.aspx) to make sure the property is not in a flood zone. {it looks like it’s not}

Anything else you would recommend that I reach out to Nicole or Dave for? (I’m assuming you and I are probably in contact with the same people.)

Thanks in advance for any advise.

Donnie

Hi,

I’m new to this whole process. I’m looking for some advice and help. Here’s where I’m at:

1) I’ve found a wholesaler that has properties in Indiana that they’re selling.

2) I did the math and the returns makes sense.

3) I’m in the process of negotiating the purchase.

4) They’ve sent me the purchase agreement and my lawyer has looked at it.

5) I’ve went back to the wholesaler and requested some additional documentations. (disclosures, survey, inventory of the rehab that has been done)

6) I’ve also checked on (https://msc.fema.gov/portal) and (http://www.floodtools.com/Map.aspx) to make sure the property is not in a flood zone. {it looks like it’s not}

So here are some questions:

1) I didn’t get any other documentations regarding the property aside from the purchase agreement. Is that normal? If not, what other documentations should I be requesting?

2) My lawyer says that there’s usually a set of documents when purchasing properties. (I’min California. My lawyer is more familiar wth California.) So does anyone know what the standard sets of documents that I should request? I would assume at least a survey to outline the property line and structure dimensions right?

3) My lawyer also says that I should conduct a inspection from an independent local inspector. Anyone has any idea on how to find one and what is the typical cost? (It’s not a big piece of property. Standard single family home.)

Thanks in advance for any help. Happy to discuss in more details if you just want to drop me a direct message.

Thanks,

Donnie

P.S. Sorry for the duplicate posts in the other threads. I’m still new to this site and I’m not sure how to get the best response yet.