"AS IS" properties Can you get a contractor to do estimates on repairs?

[Tim Hagins]

I have a home that needs and inspection to make sure its up to code but the guy says its sold "AS IS" I am unsure if a small section of the house is not up to code. I lack the construction skills to know how much it would cost to fix it in this particular area of the house. 

The house is actually open and I think it has squatters in it. So I could get a contractor into the house.

To many red flags?!?

[Bill Wallace]

Buying "as is" shouldn't be a deal killer. A lot of homes are sold that way. It just means you need to do your due diligence ahead of time.

Yes, you should get it inspected. Yes, you should bring in contractor(s) ahead of time to get a solid handle on expected repair costs. And yes, you should make sure you feel confident about the cost of holding, selling & final sale price. You said "the house is actually open" but I would advise to always get the owners permission before entering. 

To many investors it's this kind of house that they seek out. No typical owner occupant will touch it and even many investors don't want to take on homes that need more than carpet, paint & appliances. The bigger the project the more opportunity to profit on it if you do your numbers right up front.