All Forum Posts by: Erin Stephens

You guys are giving me a lot of peace of mind, thank you. This is my first on-market deal and I've got some serious butterflies. 

Drew- guess I'll have to if they won't replace it. If it were simple it wouldn't be fun, right?

Jay- that's awesome the agent covered it. Working that out with a bank sounds like a tougher situation than mine.

Hello!

Dealing with an odd situation and would love some input. I had an offer accepted on a townhouse in good condition that I hope to use as a rental. All systems were present and accounted for on initial walk-through and in listing pictures.

Fast-forward to the home inspection, and someone has stolen the outside air-conditioning unit! I didn't even know that was a thing until now. Wires are cut, and you can see the drag-marks from where they pulled it to the alley and I assume drove away with it. 

Has this happened to anyone else? I am hoping the seller's homeowners insurance will cover replacement, as I would not have offered the same amount without functioning HVAC. Do you think it likely their insurance will replace it? Any advice if they won't?

Thanks for any help/thoughts.

-Erin

@Brad Cogswell It was- I'm not stuck, thank goodness.

Thanks for the encouragement, @Marylin OShea, doing my best to stay positive and keep working through the process.

@Brad Cogswell 

Hello!

Looks like the previous owners did a lot of work without really knowing what they were doing. Dangerous/outdated electrical including hot wires that went who-knows-where, leaky plumbing (water was turned off during initial walk-through). Fixable, but way more than I had budgeted for repairs.

Thanks!

And, the search continues. Major issues found on inspection. Ah, well.

Hello,

My name is Erin Stephens and I am starting out as an investor in Baltimore County, MD.

Just had my first accepted offer this week, woo-hoo! Property is a 3BR/2BATH townhouse in the Essex area. Hopefully I will be posting some rehab updates in the near future, barring any major surprises during the inspection.

My boyfriend is a master plumber/contractor who bought his first investment property two years ago. He now has two properties with tenants and a third undergoing (major) renovation. I helped out wherever I could and learned a lot seeing him go through the process- now I've caught the Real Estate Bug! Our goal is to acquire buy-and-hold rentals, SFH for now but I dream of a small apartment complex purchase down the road.

Currently employed full-time-plus as a veterinarian, I absolutely love my career, but aspire to cut my hours back to part-time. My hobbies change with embarrassing frequency, with gardening being my current obsession.

Bigger Pockets has been unbelievably helpful already. Thank you for being an awesome community!

-Erin 

Quick follow-up:

As these things tend to go, shortly after this post I had an offer on a property from the MLS accepted. First on-market deal, so I'm excited but a bit overwhelmed.

Given that, I'm not going to do a mailing at this time, but will hold on to this information for future endeavors. Also "saved" the vacant home on Redfin so I can see when it goes on the market.

Thanks again for the help!