Under Contract For My 1st Investment Property

[Shakira Patterson]

So I am in the process of purchasing my first investment property.

I am under contract for $274k - this is a multi-family property with 2 units. A tenant is currently renting one of the units for $1k a month and she wants to stay once I take over as the landlord.

After getting the home inspection done. There were a couple of repairs that I requested to get fixed. One of the major repairs was replacing the columns in the basement that basically hold up the house. This repair cost an estimated $8-25k to be replaced and the seller said she wouldn’t get it replaced.

She also declined getting any of my other requested repairs fixed.

I’m wondering if this should be deemed as a red flag or dealbreaker. Any advice is helpful.

Thanks in advance!