All Forum Posts by: Mari E Desilva
Mari E Desilva has started 1 posts and replied 5 times.
@Nicholas Smith, thank you for the advice. The utilities are not turned on and the house has been winterized. I have not seen anything yet but was told they would provide a letter allowing me to turn them on for 3 days but I am responsible for all costs.... deposits, connections, plumbers, etc... That's where the $700 come in.
So, what does everyone think of the inspections conducted by HUD on a foreclosed property? I am in the process of buying a property. HUD's inspection said everything was OK as far as MEP but recommended a foundation inspection due to an uneven floor.
I can go all in and get the whole thing inspected but it's going to cost me about $700 or I can just get the foundation inspected which is $100. It's an older house (71 years old) so I am fully aware some of the equipment may be dated.
I just can't decide if I should invest in a complete inspection or use that money on something else. By the way, it's a buy and hold so I plan to have it for a while. I guess I am just wondering if the HUD inspection is reliable? Any advice would be greatly appreciated!
Welcome Nathan! I am also an Engineer living in Tulsa. Nice to have you here!
Post: Structural Engineer looking to start investing
- Posts 6
- Votes 0
@Caleb Lund.. Hello! I am also a structural engineer living in Tulsa and in a very similar situation... Lol. I work in the commercial sector but I have been studying, reading and absorbing as much as I can since finding this forum. I have yet to purchase a property but am actively looking. Would love to network and share information. Good luck on your move!
@Jaime Brame, please add me to the list! Thank you!